Often the medium sized enterprises are better equipped for the new challenges than the much larger behemoths like Exxon. To underline this point, think back to Exxon’s acquisition of TXO last year for $41 billion, a company only 1/10 the size of Exxon, but probably has 10 times the unconventional expertise that of Exxon.

I think Hess is a well rounded company, experts in all aspects of the energy field, conventional and unconventional explorations and productions onshore and offshore, refining and marketing. Most of all it is an innovative company that embraces cutting edge technology to achieve its business goal.

Speaking of innovation, Apple comes to mind....in 2001 the market capitalization stood at $7.92 billion. How much is it now, ten years later? $322 billion :-)