Also in the energy sector and still on sale is Hess ( HES), an integrated energy company that is considered a "take-apart" candidate where the sum of the parts are likely to be worth more than the whole. Even though it pays a puny dividend, this potential for lucrative spinoffs from the company is the big prize! TheStreet's research department rates HES a buy, stressing, "The company's strengths can be seen in multiple areas, such as its compelling growth in net income, increase in stock price during the past year, attractive valuation levels, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins." You can see from the five-year chart below that HES's share price and quarterly revenue per share have moved in virtual lockstep. It also indicates to me the stock price has room to soar on the upside. HES data by YCharts The company operates in two segments, exploration and production and marketing and refining. Hess has a market cap of $23.27 billion and is part of the basic materials sector and energy industry. The company has a trailing P/E ratio of 10.49 and a forward (one-year) PE of 10.92, below the S&P 500 P/E ratio of 17.7. Shares are up over 28% year to date as of the close of trading on Thursday. Perhaps if we're really fortunate we can snag some shares of HES at $66 or lower during a market correction. That's why corrections shouldn't be feared. If you know what you want to buy and the price you want to buy it at, it's the corrections that will make your wishes come true. Just be careful what you wish for! At the time of publication the author had no position in any of the stocks mentioned.Follow @m8a2r1This article was written by an independent contributor, separate from TheStreet's regular news coverage. Make smarter trading decisions and provide investment ideas that could help make you richer. Bryan Ashenberg does the dirty work so you don't have to!