{
  "docId": "019dd923-622c-750b-8b9c-37eb478b579f",
  "docSlug": "43bbd9fb77dc",
  "documentTitle": "Hess Corporation (HES)",
  "authorId": "02_Elliott_Management",
  "authorName": "Elliott Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2013-03-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2941177,
  "pageNumber": 55,
  "pageCount": 71,
  "prevPage": 54,
  "nextPage": 56,
  "slideType": "villain_critique",
  "function": "name_villain",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": "Uses a contrast-pairs framework to highlight the gap between competitors and the target company.",
  "elementsJson": [
    "headline_text",
    "logo_grid",
    "comparison_table",
    "quote_block",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9c-37eb478b579f/55",
  "deckHref": "/decks/019dd923-622c-750b-8b9c-37eb478b579f",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9c-37eb478b579f.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-37eb478b579f#slide-55",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "While Bakken Competitors Are Focused on Maximizing Asset Potential, Hess Conglomerate is Burdened by Yesterday’s Issues",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-fb97-7552-b56b-1e39c20eb2e5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.2,
        "x": 0.72,
        "y": 0.45
      },
      "kind": "quote",
      "text": "We're doing a very small amount of appraisal work in the Three Forks...",
      "attrs": null,
      "subkind": "pull-quote",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1414f9e8-25da-486d-9329-c93fb29256a4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "\"We're doing a very small amount of appraisal work in the Three Forks...\" — Greg Hill, January 2013",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd952-fb97-7552-b56b-21f8c5d1aac6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.6,
        "x": 0.08,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "Sources: Public company filings, corporate presentations and earnings call transcripts",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7a027bee-9e12-4335-916e-71709abb22e6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.7,
        "w": 0.6,
        "x": 0.08,
        "y": 0.2
      },
      "kind": "table",
      "text": "Competitor exploration and appraisal project details for Continental, Whiting, Oasis, and Kodiak.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3cdf903c-4fdb-4858-ab23-a33c6ad66faa",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.75,
        "x": 0.08,
        "y": 0.08
      },
      "kind": "title",
      "text": "While Bakken Competitors Are Focused on Maximizing Asset Potential, Hess Conglomerate is Burdened by Yesterday’s Issues",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9dc6550f-4850-45c4-91f4-590b67835a2c",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "contrast-pairs",
      "slug": null,
      "matchId": "634baf65-880c-4af2-a353-b0793a0eb8b8",
      "evidence": "Contrasts active competitor projects against Hess's stated lack of activity.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 59,
      "from": 33,
      "beatId": "0f29d29f-cd13-41b4-9dee-478bf0a3d295",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Struggle",
      "beatSlug": "overcoming-monster-the-struggle",
      "evidence": "Elliott Management presents its recommendations for change and the benefits of increased accountability.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    }
  ],
  "loops": [
    {
      "to": 70,
      "from": 10,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "85bccce2-ca46-412f-9f7f-9f34f493fcd2",
      "evidence": "The document repeatedly emphasizes the consequences of not implementing substantial changes.",
      "position": 0,
      "objective": "The cost of inaction (lack of accountability) is highlighted throughout the presentation.",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.7,
      "description": "Quantify what happens if the audience does nothing"
    },
    {
      "to": 69,
      "from": 14,
      "name": "Mece Breakdown",
      "slug": "40-mece-breakdown",
      "bestFor": "Problem structuring, ensuring completeness, strategic analysis",
      "matchId": "6f974f5d-2a31-4b3a-a651-08be791c3818",
      "evidence": "The document uses various tables and charts to illustrate the points being made.",
      "position": 1,
      "objective": "The presentation provides a detailed breakdown of the issues and proposed solutions.",
      "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage",
      "confidence": 0.6,
      "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}