10 Best Low Priced Energy Stocks to Buy Now

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1. Peabody Energy Corporation (NYSE:BTU)

Share Price as of July 11: $15.25

Number of Hedge Fund Holders: 42

Peabody Energy Corporation (NYSE:BTU) is one of the best low priced energy stocks to buy now. On June 26, Peabody Energy extended a lockout at its Helensburgh underground coal mine in New South Wales, Australia. This decision came after workers, members of Australia’s Mining and Energy Union/MEU, staged a 1-hour protected industrial action demanding improved wages and job protection.

Peabody notified MEU members on the night of June 25 that the lockout, which began on June 18 earlier, would continue until July 6. This means workers at the Metropolitan Mine (Helensburgh) were locked out without pay for ~3 weeks.

A Peabody spokesperson stated that the extension of their lawful action was to match the union’s extended strike action notification period. However, the MEU has condemned this as a disproportionate response, urging the Federal Government to overhaul workplace laws that permit such employer actions against workers exercising their right to bargain.

While we acknowledge the potential of BTU to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BTU and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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