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  "documentTitle": "Hess Corporation (HES)",
  "authorId": "02_Elliott_Management",
  "authorName": "Elliott Management",
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  "presentationDate": "2013-03-01 00:00:00",
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  "notes": "The slide uses a contrast-heavy structure to imply that current management's value is derived from legacy assets rather than their own strategic acquisitions.",
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      "text": "2001 disastrous acquisition salvaged by dramatic rise of oil",
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      "kind": "quote",
      "text": "W.D. Von Gonten study concluded Hess has higher per acre value and is comparable to CLR in absolute value — W. D. Von Gonten & Co.",
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      "text": "Source: Company filings. 1. W. D. Von Gonten & Co. is an industry leading petroleum engineering and geological services consulting firm. 2. At its peak, Hess owned \"more than 900,000 net acres in the Bakken oil shale play.\" 2010 10-K; 550,000 to 600,000 net acres considered core; 4Q2012 earnings call",
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      "text": "Where have Hess's crown jewel assets come from?",
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      "text": "But Buried Within Are Great Assets",
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