Hess (HES) Outshines S&P in 2019: Will It Rally in 2020 Too?
Hess Corporation HES witnessed an outstanding 2019 during which the company made several world-class crude discoveries. Though the industry declined 15.3% in the past year, hurt by extreme volatility in oil prices, this leading shale oil and gas producer soared 63.3%. The upstream energy player also surpassed the S&P 500 Index’s 27.2% rally, supported by renewed investors’ faith owing to the progress in the U.S.-China tariff war front and three interest cuts by the Federal Reserve. […]