Hess Midstream LP (HESM) Back Under Morgan Stanley's Radar After Chevron Merger
According to Morgan Stanley, the key concern for Hess Midstream LP (NYSE:HESM) is whether Chevron will buy the remaining part or keep it as a separate midstream company.
According to the firm, a possible takeover wouldn't likely have a major financial impact on Chevron, although it might streamline the company's organizational structure and grant the oil giant more direct control over midstream activities.
Hess Midstream LP (NYSE:HESM) is a midstream energy company that specializes in fee-based gathering, processing, storage, and terminal services. Based in Texas, the company operates in the Bakken and Three Forks shale areas.
While we acknowledge the potential of HESM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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