ESP Resources, Inc. (ESPI) Is Our New Smoking Hot Momentum Alert!
(You do NOT want to miss this pick!)
I believe ESPI is going to rock this morning!
ESPI is a new momentum pick that I think is on verge of a new breakout that you should turn your attention to right away. Currently ESPI is trading around 17 cents and the chart looks like it is starting to breakout into a bullish run and could continue to catch a bigger momentum today.
You must research the following immediately before it’s too late! You don’t want to miss out do you?
Name: ESP Resources, Inc.
Price: $0.1725 cents – Tuesday’s close
Barchart.com also recommends ESPI as a “STRONG-BUY” giving it 100% “BUY” indicators for both short and long term investments. Take a look for yourself here:
The momentum is FIRING UP!
ESP Resources saw significant top-line growth in the first half of 2012. As a result of heightened demand for its cost-saving products and services to the oil and gas industry, its management team is not only seeing sales volume more than double from last year and quarter over quarter, but is also seeing improved margins as costs continue to be cut. With its second quarter just being completed and its third quarter in full swing, ESPI expects such growth to continue as the company prepares to strategically expand its portfolio of services to a larger geographic customer base.
I have reviewed ESPI again and believe many other newsletters may start to cover this new monster in the near future so this could become a nice short-term and long-term winner for us. The bullish momentum has already started as of yesterday’s trading session and if you want to see what an oil & gas service company can pay off, stay tuned!
Don’t miss your chance!
What is so special about ESPI?
First quarter 2012 revenues came in at approximately $4.3 MLN, showcasing a rise of 136% from the previous year ago period. Coupled with their revenue outlook for the second quarter, its total revenue for the first six months of 2012 is approaching a whopping $10 MLN, or a rise of over 138% from the same period in 2011. Margins grew slightly from the comparable periods as a result of an increase in purchases of certain raw materials used in their operations which reduced cost on a per unit basis, resulting in an overall reduction in their service delivery cost.
With increased sales stemming from hydraulic fracturing customers and customers in Southern Louisiana, South and Southeastern Texas and Arkansas regions, the first half of 2012 was marked by the substantial growth of ESPI’s business. Building on the sales momentum of 2011 and plans for expansion in 2012, ESPI expects that even greater growth will occur this year for their business and ESPI’s shareholders. The company is working towards bringing on more established, well known global customers and, with domestic sales growing strong, ESPI has shifted its focus this year to further expanding its international presence and strategically adding to its portfolio of oil and gas services.
As announced on May 17th of this year, under the terms of its new joint venture with KUJV Limited, it is anticipated that ESPI will be working on the ground in Papua New Guinea, specifically to provide infrastructure-related operational management services for certain infrastructure-related project work with regards to the development and completion of the Komo International Airfield, an opportunity that they are extremely excited about.
This is part of the very large liquid natural gas project being developed in the country and headed up by the largest publicly traded oil and Gas Company worldwide. Once under contract and alongside KUJV, ESPI intends to employ and utilize local and international subcontractors to carry out duties as outlined under the joint venture, ESP KUJV Limited.
ESPI announced breaking news (After the bell)
SCOTT, LA-(Marketwire -08/07/12)- ESP Resources, Inc. (ESPI) (the “Company” or “ESP Resources”), an oil and gas services company, today announced that through its wholly-owned subsidiary in Panama, ESP Corporation, S.A. (“ESP”), it has completed the necessary document filings under Papua New Guinea’s Investment Promotion Act to certify ESP KUJV Limited, ESP’s joint venture with Komo Umbrella Joint Venture Limited, to accept contracts and to carry out specific project work related to the development of the Komo international airfield.
Under the terms of the joint venture and with a completed certification, ESP KUJV Limited can begin accepting work contracts from the world’s largest international and publicly-traded oil and gas company for development of the Komo international airfield. The Komo international airfield is being developed to support the $15.7 BLN PNG liquid natural gas project currently under construction.
Through ESP KUJV Limited, the Company expects to receive initial contracts related to the Komo airfield development project within the next 60 days which it believes will deliver significant revenue growth. The Company expects multiple contracts before the end of 2012 and into 2013.
To view this news in its entirety, please use this link–> Http://Finance.Yahoo.Com/News/
Now is the time to take actions!!
As you can see ESPI has started to grow from its small operation and is dealing with some large names which could be the reason I am starting to see such big interest in the stock recently.
The technical indicators look extremely strong and we should see the momentum continue into today’s trading!
As you can see, this stock has the potential to jump for big percentage gains very quickly which I know would be great for (YOU) my members.
Please note again: This new momentum play in ESPI is extremely powerful and it could put major profit in your pocket from this point!
Make sure you don’t miss this monster today!
Remember to trade smart, research your options, and use due diligence!
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