Being a true value investor is an increasingly difficult, if not impossible, task considering the complexity of ever-longer annual reports. Our recommendations are based on diligence.

I think that most investors can agree that performing careful due diligence on an investment is a necessity. What investors cannot seem to agree on, though, is what constitutes “due diligence.”

US-based Hess Corporation (HES) has unveiled a $5.8 billion exploration and production budget for this year, with a focus on unconventional shale resources and big drilling plans in Africa.