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Tuesday, June 30, 2009
Hess Schedules Earnings Release Conference Call
Comtex
NEW YORK, Jun 30, 2009 (BUSINESS WIRE) ----Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, July 29, at 10 a.m. Eastern Daylight Time to discuss its second quarter 2009 earnings release.
To phone into the conference call, parties in the United States should dial 1-866-271-6130 and enter the pass code 47109523 after 9:45 a.m. Outside the United States, parties should dial 1-617-213-8894 and enter the pass code 47109523. This conference call will also be accessible by webcast at www.hess.com (audio only).
A replay of the conference call will be available from July 29 through August 12, 2009 by dialing 1-888-286-8010 and entering the pass code 11927711. Outside the United States, parties should dial 1-617-801-6888 and enter the pass code 11927711.
Hess Corporation, with headquarters in New York, is a global integrated energy company engaged in the exploration, production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products. More information on Hess Corporation is available at www.hess.com.
Forward Looking Statements
Certain statements in this conference call may constitute "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended. Forward-looking statements are subject to known and unknown risks and uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, uncertainties inherent in the measurement and interpretation of geological, geophysical and other technical data.
SOURCE: Hess Corporation
Hess Corporation Investor: Jay Wilson, 212-536-8940 or Media: Jon Pepper, 212-536-8550
Copyright Business Wire 2009 ********************************************************************** As of Friday, 06-26-2009 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated an UPTREND on 12-15-2008 for HES @ $48.66. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2009 Comtex News Network, Inc. All rights reserved.
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Some mutual funds want you to pay for the privilege of them (or your investment adviser) taking your money to invest. It's called a load, and it works like a cover charge to get into a nightclub. Luckily, there are such things as no-load funds. As the name implies, shares of these funds are sold without a fee paid to a broker or investment advisor.
The entire amount you invest in no-load funds goes to work for your returns. On the other hand, with load funds, right off the bat you're charged commission (not to mention other fees incurred over the life of the investment). Let's say, for example, you invest $25,000 into a load fund that charges a 5% commission. This costs you $1,250 off the top, bringing your actual investment down to only $23,750.
The often-cited horse race analogy argues against investing in load funds. Here's the logic behind it: Would you place a bet on a horse that had to start a race 200 yards behind the others? Well, maybe you would if you got a tip from a sketchy, trench coat-clad man in a dark alley. However, under most circumstances, it's not smart to put your money on that handicapped horse.
But some argue that at times that man in the trench coat (aka your broker) knows more about the horses than you do, and has a better shot at picking a winner. Also, sometimes these fees are unavoidable because some funds are available only through investment advisers.
Cost-benefit analysis can help determine when a load fund is worth it (in other words, when it will score you a load) and when it is better to "do it yourself" and avoid the fees. Load-fund fees range depending on share class and can cover a variety of costs, such as paper work and fund management.
