Options Spotlight: Hess Corporation
This week’s edition of Options Spotlight takes a look at Hess Corporation
(
HES |
Quote |
Chart |
News |
PowerRating).
According to Hoover’s, Hess Corporation is an integrated oil and gas company that explores and produces in Denmark, Gabon, Norway, the U.K., and the U.S.; it also operates in Indonesia, Thailand, and other countries. In 2007 Hess reported proved reserves total more than 1.3 billion barrels of oil equivalent. It operates a 50%-owned refinery (HOVENSA) in the U.S. Virgin Islands and a smaller 1 in New Jersey. Furthermore, it markets gasoline through more than 1,370 HESS gas stations, chiefly in the eastern U.S.
In the Options Spotlight, I shine a light on what’s happening in the options world. In the case of Hess Corporation, call activity has been brisk on the shares as investors attempt to call a bottom to the security’s downtrend. Has this stock’s decline finally reached an end?
Newly revised and updated, Bernie Schaeffer’s home study program, “10 Days to Successful Options Trading,” provides a foundation for your options trading success. Includes easy-to-follow guide, CD, DVD, and a special report — Click here to learn more.
Copyright Schaeffer’s Investment Research. www.schaeffersresearch.com.