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Loews Corp. Considers Selling HighMount Oil

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May 30, 2014

Loews Corp. (NYSE: L), the holding company run by New York’s Tisch family, is weighing a divestiture of HighMount Exploration & Production LLC seven years after it purchased the business in a bet on natural gas prices, according to Bloomberg May 23

Loews is considering alternatives for HighMount, “including a potential sale of the business,” according to a statement May 23, and “may incur a loss as a result of this process.”

Natural gas surged the year after Loews purchased HighMount in 2007 for about $4 billion. Since then, new ...

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