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.
8. Woodside Energy Group Ltd. (NYSE:WDS)
Share Price as of July 11: $15.88
Number of Hedge Fund Holders: 14
Woodside Energy Group Ltd. (NYSE:WDS) is one of the best low priced energy stocks to buy now. On June 25, Woodside Energy completed the sale of a 40% stake in its Louisiana LNG project to Stonepeak Partners. The project whch is located in Calcasieu Parish and is currently under construction. The transaction builds upon an agreement announced on April 7 earlier this year.
Under the agreement, Stonepeak will provide $5.7 billion towards the expected capital expenditure for the foundation development of Louisiana LNG on an accelerated basis. Stonepeak’s contribution will cover 75% of the project’s capital expenditure in both 2025 and 2026. Woodside received a closing payment of approximately $1.9 billion, which represents Stonepeak’s 75% share of capital expenditure funding incurred since the effective date of January 1.
Woodside made a final investment decision/FID for the project in April 2025, with the gross capital expenditure estimated at $17.5 billion. The FID approved Phase 1 of the project, which includes 3 liquefaction trains with a combined capacity of 16.5 million metric tons per annum/MMtpa. The Louisiana LNG project holds an Energy Department permit to export a cumulative 1.42 trillion cubic feet a year of natural gas equivalent, or 27.6 MMtpa of LNG, to both FTA and non-FTA countries.
Woodside Energy Group Ltd. (NYSE:WDS) explores, evaluates, develops, produces, markets, and sells hydrocarbons in the Asia Pacific, Africa, the Americas, and Europe.
7. Ecopetrol (NYSE:EC)
Share Price as of July 11: $9.07
Number of Hedge Fund Holders: 14
Ecopetrol (NYSE:EC) is one of the best low priced energy stocks to buy now. On July 8, Ecopetrol announced the completion of its acquisition of full ownership of Compañía Wind Autogeneración, which is the company responsible for the Windpeshi wind project in La Guajira, Colombia. This is a part of Ecopetrol’s strategy to expand its renewable energy portfolio and contribute to Colombia’s energy transition goals.
The Windpeshi project is situated between the municipalities of Uribia and Maicao and will have an installed capacity of 205 MW for wind energy production. Once operational, it is expected to generate an average of 1,006 gigawatt hours/GWh per year, meeting between 8% and 9% of the Ecopetrol Group’s total energy demand. The project will feature 41 turbines, each with a capacity of 5 MW.
Ecopetrol plans to begin construction of the Windpeshi project by the end of 2025, to achieve commercial operations before 2028. This project is anticipated to reduce energy costs for the Ecopetrol Group and advance Colombia’s decarbonization efforts. It is estimated to reduce CO₂ emissions by 4.8 million tonnes over its useful life and will involve investments totaling ~$350 million between 2025 and 2027.
Ecopetrol (NYSE:EC) is an integrated energy company with 4 segments: Exploration & Production; Transport & Logistics, Refining & Petrochemicals, and Electric Power Transmission & Toll Roads Concessions.
6. Venture Global Inc. (NYSE:VG)
Share Price as of July 11: $17.88
Number of Hedge Fund Holders: 24
Venture Global Inc. (NYSE:VG) is one of the best low priced energy stocks to buy now. On July 10, Venture Global and Securing Energy for Europe/SEFE announced an expansion of their liquefied natural gas/LNG partnership. The new agreement involves SEFE’s subsidiary, called SEFE Energy, purchasing an additional 0.75 million tonnes per annum/mtpa of LNG from Venture Global’s CP2 LNG project for 20 years.
The amendment builds upon an existing sales and purchase agreement/SPA signed in 2023, bringing SEFE’s total LNG purchase from CP2 LNG to 3 mtpa. Venture Global is projected to become Germany’s largest LNG supplier, having committed a combined total of 5 mtpa of LNG to German companies over 20-year offtake agreements, which include deals with SEFE and EnBW.
In addition to these long-term agreements, Venture Global has already supplied Germany with nearly 80 cargoes of LNG from its Calcasieu Pass and Plaquemines LNG facilities, which is enough to power 8 million German homes for one year. The CP2 LNG facility, Venture Global’s third project, will have a nameplate liquefaction capacity of 20 mtpa and will utilize single mixed refrigerant technology.
Venture Global Inc. (NYSE:VG) develops, constructs, and produces natural gas liquefaction and export projects near the US Gulf Coast in Louisiana.
5. NextDecade Corporation (NASDAQ:NEXT)
Share Price as of July 11: $10.77
Number of Hedge Fund Holders: 28
NextDecade Corporation (NASDAQ:NEXT) is one of the best low priced energy stocks to buy now. On June 13, NextDecade announced that its subsidiaries have finalized an updated engineering, procurement, and construction/EPC contract with Bechtel Energy Inc. for Train 4 and signed a new EPC agreement for Train 5 at its Rio Grande LNG project in Brownsville, Texas, US.
The Rio Grande LNG project is designed to eventually include up to 5 liquefaction trains, each with a production capacity of ~5.4 million tonnes per annum/mtpa of LNG. The overall potential liquefaction capacity for the Rio Grande LNG facility is ~48 mtpa. The revised lump-sum, turnkey EPC contract for Train 4 is valued at ~$4.77 billion.
Regarding progress toward Final Investment Decisions/FIDs for these trains, commercial agreements for Train 4 have been completed, and NextDecade has initiated the financing process. A positive FID for Train 4 is anticipated before the pricing deadline. For Train 5, NextDecade recently announced a 20-year LNG sale and purchase agreement/SPA with JERA for 2 mtpa of offtake.
NextDecade Corporation (NASDAQ:NEXT) is an energy company that constructs and develops activities related to the liquefaction of natural gas in the US.
4. Transocean Ltd. (NYSE:RIG)
Share Price as of July 11: $2.85
Number of Hedge Fund Holders: 32
Transocean Ltd. (NYSE:RIG) is one of the best low priced energy stocks to buy now. On June 27, Transocean announced that it secured a new drilling assignment from Equinor ASA (NYSE:EQNR) in the Norwegian Sea. Equinor recently received a drilling permit from the Norwegian Offshore Directorate/NOD for a wildcat well, specifically wellbore 6506/12-PB-3 H, within production license (PL) 094.
Equinor operates this license with a 40.95% stake, alongside partners Var Energi, Petoro, and TotalEnergies EP Norge. The drilling activities for this wildcat well are anticipated to commence this July, using Transocean’s Transocean Encourage rig.
In 2023, Transocean secured a 9-well contract for the Transocean Encourage for drilling activities on the Norwegian Continental Shelf/NCS. This contract also includes a provision for drilling 6 optional wells.
Transocean Ltd. (NYSE:RIG) provides offshore contract drilling services for oil & gas wells in Switzerland and internationally.
Equinor ASA (NYSE:EQNR) is an energy company that explores, produces, transports, refines, and markets petroleum and other forms of energy in Norway and internationally.
3. Petróleo Brasileiro – Petrobras (NYSE:PBR)
Share Price as of July 11: $12.82
Number of Hedge Fund Holders: 33
Petróleo Brasileiro – Petrobras (NYSE:PBR) is one of the best low priced energy stocks to buy now. On July 10, Norwegian shipping company Solstad Offshore/SOFF announced the formal board approval and signing of a 4-year contract with Brazil’s state-owned energy giant Petrobras for the anchor handling tug supply/AHTS vessel Normand Turquesa.
This contract has a gross value of ~$84 million. The Normand Turquesa is a vessel built in 2007 to a UT 722 L design and can accommodate 30 persons. It is 80.4 meters long with a breadth of 18 meters, and features high bollard pull capacity, powerful winch systems, and advanced navigation and dynamic positioning technologies.
The new contract is scheduled to commence in February 2026 and will secure the vessel’s services with Petrobras through February 2030. Solstad also announced a 9-month extension to the vessel’s current contract, bridging the period until the new agreement begins. With this latest contract, the Normand Turquesa will be fully committed until February 2030.
Petróleo Brasileiro – Petrobras (NYSE:PBR) explores, produces, and sells oil and gas in Brazil and internationally.
2. NexGen Energy Ltd. (NYSE:NXE)
Share Price as of July 11: $6.61
Number of Hedge Fund Holders: 33
NexGen Energy Ltd. (NYSE:NXE) is one of the best low priced energy stocks to buy now. On June 16, NexGen Energy released its 2024 Sustainability Report, which covers the period from January 1, 2024, to December 31, 2024. This marks the 5th consecutive year the company has reported on its Environmental, Social, and Governance/ESG profile, adhering to Global Reporting Initiative/GRI Standards and aligning with the Task Force on Climate-related Financial Disclosures/TCFD.
Key achievements detailed in the report include the successful completion of the Canadian Nuclear Safety Commission/CNSC Environmental Assessment/EA technical review in November 2024, which was a first for a greenfield uranium mine and mill in Canada in 20 years. This follows the Provincial EA completion in November 2023.
NexGen is now preparing for the CNSC Commission Hearing, which is scheduled for February 2026, with construction ready to begin immediately upon a positive EA decision. NexGen also received the 2024 ABEX Community Involvement Award from the Saskatchewan Chamber of Commerce.
NexGen Energy Ltd. (NYSE:NXE) is an exploration and development stage company that acquires, explores, evaluates, and develops uranium properties in Canada.
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.
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