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Tuesday, January 28, 2020

Hess To Boost Spending In 2020 -- January 28, 2020

Link here.
  • Focus:
    • Guyana
    • Bakken ramp-up
  • Spend:
    • 11% more in 2020 compared with 2019
    • betting heavily on offshore Guyana and Bakken
  • production guidance:
    • 2019: 285,000 boepd
    • 2020: upwards of 335,000 boepd
  • economics:
    • drive breakeven price to below $40/bbl Brent by 2025
  • Will report 4Q19 earnings on Wednesday, tomorrow, January 29, 2020 
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Meanwhile, In Canada

37% of Canadians oppose the TransMountain oil pipeline. Link here

It looks like 37% of Canadians are happy to have their country closed to business.

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