The focus has shifted away from energy transitions, ESG objectives, and a moratorium on new investments in the oil industry. “Words and actions” need to be more closely aligned between the Organization of the Petroleum Exporting Countries, according to the head of the International Energy Agency. Oil prices have risen as a result of the political turmoil in Ukraine. Oil prices are expected to rise in 2022, according to a majority of analysts. PHX Minerals, Helix Energy Solutions Group, and Southwestern Energy Company are some of the cheap oil stocks to buy in 2022.
Here is Insider Monkey’s list of 10 cheap oil stocks to buy in 2022. A recent earnings report from Enterprise Products Partners L.P. showed that the company’s revenue for the fourth quarter of 2021 exceeded market expectations by $1.70bn. An increase of 3.3% was announced by the company in its quarterly dividend of $0.465 per share. Exploration and production of oil and gas are the primary activities of Marathon Oil Corporation. While Europe’s Ukraine crisis continues to worsen, the stock has gained in recent weeks. This year’s winner, according to Jim Cramer, is Marathon Oil Corporation. North America, Europe and Australia are some of the places where Vermilion Energy Inc. has energy projects. The Alberta-based company was established in 1994. In the last year, the stock’s price has increased by nearly 200%. Enerplus Corporation is mulling a plan to sell its Canadian holdings. Midway through 2022, the firm plans to complete the sales process. On November 4, the company announced an increase of 8% in its quarterly dividend of C$0.041 per share. A Texas-based independent energy company, Comstock Resources, Inc. Revenue for the period was $511 million, an increase of more than 188% over the previous year. The company sold its North Dakota assets in October of that year to Northern Gas and Oil. For more details, click 10 Cheap Oil Stocks To Buy In 2022.