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Alphameister is a
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Love this sector and have a substantial position in ESV. These stocks are priced for $65 oil and do not begin to reflect the new supply-demand situation for oil and gas. Most stocks in the group have lately pulled back to support near their 50-day moving averages, which, for ESV, is around 70. I'd nibble under 75 and buy more aggressively near 70. Gorilla isn't wrong to call the stock a buy now for long-term investors. I haven't sold any ESV on the recent advance.
Jun 10 10:58 am
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All Comments by Alphameister »Ensco: Waiting for a Buy Signal [View article]