User 166319

Sector Relative Strength: Energy and Financials

Anyone wanting the lower risk Energy play needs to jump on the post IPO play of Energy Services Aquisition, (ESA;nyse) It's a holding company with more cash reserve than the overall price per share currently at $5.60. It recently announced plans to buy two major players in the oil and gas field, a pipeline company and pipeline construction company. After these deals move it will drive the stock forward into earnings which on Valuation will yield approx. $8.50-9.00 target. Company has an unforeseen ceiling with a built in basement thanks to it currently trading less than its total cash reserve.