On July 10, CNBC spoke with Baker Hughes CEO Lorenzo Simonelli at OPEC’s annual seminar in Vienna, Austria. The discussion centered on global growth and the impending release of the World Oil Outlook, which was expected to forecast faster-than-anticipated growth for all energy sectors, with the possible exception of coal. Simonelli was characterized by a pragmatic mode and acknowledged the short-term volatility in the energy market, which everyone was observing. However, he emphasized that from a longer-term macroeconomic perspective, and anticipating the upcoming report, the trend indicated a continuous increase in energy demand.
He also stated that peak oil was expected to be pushed further into the 2030s and highlighted a persistent need for the oil & gas industry to increase production over the long term. Thus, despite short-term fluctuations, he saw a consistent positive long-term trend for the industry. Brian then also talked about the energy transition and noted its presence at the OPEC seminar, contrary to some public perceptions. He specifically mentioned Saudi Arabia’s substantial investments in solar, some wind, and primarily hydrogen.
That being said, we’re here with a list of the 10 best low priced energy stocks to buy now.
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Methodology
We sifted through the Finviz stock screener to compile a list of the top energy stocks under $20 as of July 11. We then selected the 10 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q1 2025.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10 Best Low Priced Energy Stocks to Buy Now
10. Black Stone Minerals (NYSE:BSM)
Share Price as of July 11: $13.31
Number of Hedge Fund Holders: 5
Black Stone Minerals (NYSE:BSM) is one of the best low priced energy stocks to buy now. Earlier in May, Black Stone Minerals announced that it entered into a new development agreement with Revenant Energy, focusing on the Partnership’s expanded Shelby Trough Haynesville and Bossier acreage.
This acreage is primarily located in Angelina, Nacogdoches, and San Augustine counties in Texas. The agreement covers ~270,000 gross acres, also extending into Houston and Trinity counties.
Under the agreement, the partnership’s commitment begins with a minimum of 6 wells per year in 2026, escalating to at least 25 wells annually over 5 years, which include specific test wells necessary to maintain operational rights across the full area.
Black Stone Minerals (NYSE:BSM) owns and manages oil & natural gas mineral interests.
9. Plains All American Pipeline (NASDAQ:PAA)
Share Price as of July 11: $18.88
Number of Hedge Fund Holders: 6
Plains All American Pipeline (NASDAQ:PAA) is one of the best low priced energy stocks to buy now. On June 18, Keyera Corp. announced that it entered into a definitive agreement to acquire substantially all of Plains All American Pipeline and Plains GP Holdings’ Canadian natural gas liquids/NGL business, along with select US assets.
The total cash consideration for this acquisition is ~$3.77 billion. The acquisition expands Keyera’s presence in the NGL market by creating a fully connected NGL corridor stretching from Western to Eastern Canada, placing all these assets under Canadian ownership.
The combined platform will provide access to high-demand markets via liquefied petroleum gas export facilities on the West Coast, while connecting to major consumption centers in Eastern Canada and the US.
Plains All American Pipeline (NASDAQ:PAA) engages in the pipeline transportation, terminaling, storage, and gathering of crude oil & natural gas liquids/NGL in the US and Canada.
