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Midstream/Chemicals
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Document Mentions (2)
EFTA01367325.pdf
1 mentionEFTA01367325
k, 5) solid crude leverage in the case of a rebound in oil price, and 6) relatively attractive valuation at 6.7x 2017 EV/DACF (or 6.4x adjusted for Midstream/Chemicals segments). • HES: We downgrade HES to Hold (from Buy) primarily on account of the company's notable outspend (second to worst in the group based
EFTA01367350.pdf
1 mentionEFTA01367350
k, 5) solid crude leverage in the case of a rebound in oil price, and 6) relatively attractive valuation at 6.7x 2017 EV/DACF (or 6.4x adjusted for Midstream/Chemicals segments). Downgrading HES to Hold from Buy We downgrade HES to Hold (from Buy) primarily on account of the company's notable outspend (second to
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