In this article, we will look at the 10 Best Oil and Gas Stocks to Buy for the Next Decade.
On June 26, Jeremy Siegel, the Wharton School Professor of Finance and WisdomTree chief economist, appeared on CNBC’s ‘Closing Bell’ to talk about the areas of the equity markets that are poised for strength through year-end.
He said that he has rarely seen such violent relative volatility, going from for tech to against tech. He stated that he has seen markets go up and down, and usually the sectors are pretty well-correlated. But right now, the sectors are as uncorrelated as he has ever seen, with investors torn between questions like whether tech is the place to be, or that the threat is there and they should be in the so-called real economy. He believes that this is where the volatility is confusing investors.
READ ALSO: 10 Most Promising Future Stocks to Buy Right Now AND 10 Cheap Small Cap Stocks to Buy Now.
Siegel further talked about how we had a sharp decline a couple of weeks ago, and he said that is usually not the end; it usually challenges it and sees if it could go above it. Nasdaq had that decline, challenged it, and now seems to be fading again. Therefore, he believes that tech is now in a more precarious situation than we saw in that sell-off a couple of weeks ago.
With these broader market trends in view, let’s narrow down and look at the best oil and gas stocks to buy for the next decade.
Our Methodology
We used the Finviz stock screener to identify the best oil and gas stocks with a 5-year EPS growth estimate of over 30%. We then selected the top 10 stocks most popular among hedge funds as of Q1 2026, using the hedge fund sentiment data from Insider Monkey’s database. The stocks are arranged in ascending order of hedge fund sentiment.
Note: All data was recorded on July 1.
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. Insider Monkey’s quarterly newsletter strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
10 Best Oil and Gas Stocks to Buy for the Next Decade
10. Comstock Resources, Inc. (NYSE:CRK)
Number of Hedge Fund Holders: 23
Comstock Resources, Inc. (NYSE:CRK) is one of the best oil and gas stocks to buy for the next decade. Goldman Sachs cut the price target on Comstock Resources, Inc. (NYSE:CRK) to $10 from $13 on June 30, maintaining a Sell rating on the shares.
The stock also received a rating update from Morgan Stanley on June 29, with the firm lowering the price target on the stock to $16 from $18 while maintaining an Equal Weight rating on the shares. The firm noted that since the announcement of a memorandum of understanding between Iran and the United States on June 14, oil prices have declined, with WTI now sitting only slightly above pre-conflict levels. The firm thus refreshed its estimates for the latest energy prices.
For reference, in its financial results for fiscal Q1 2026, Comstock Resources, Inc. (NYSE:CRK) announced that natural gas oil sales, including realized hedging losses, came up to $339 million for the quarter, with an operating cash flow of $192 million or $0.66 per share and adjusted EBITDAX of $251 million for the quarter.
Comstock Resources, Inc. (NYSE:CRK) is involved in the acquisition, development, and exploration of oil and natural gas, with its operations concentrated in the Haynesville shale, a premier natural gas basin located in East Texas.
9. Borr Drilling Limited (NYSE:BORR)
Number of Hedge Fund Holders: 28
Borr Drilling Limited (NYSE:BORR) is one of the best oil and gas stocks to buy for the next decade. Capital One initiated coverage of Borr Drilling Limited (NYSE:BORR) with an Overweight rating on July 1 and set a price target of $6 on the stock. For reference, in its financial results for fiscal Q1 2026, Borr Drilling Limited (NYSE:BORR) reported total operating revenues of $247.0 million, reflecting a decrease of $12.4 million or 5% compared to fiscal Q4 2025. The company further reported that net loss for the quarter was $29.0 million compared to net loss of $1.0 million in the fourth quarter of 2025, while adjusted EBITDA for fiscal Q1 2026 was $88.5 million, reflecting a decrease of $16.7 million or 16% compared to fiscal Q4 2025.
Borr Drilling Limited (NYSE:BORR) also completed the acquisition of five premium jack-up rigs from Noble Corporation in January 2026 for a total purchase price of $360 million, and entered into agreements for the acquisition of five premium jack-up rigs via a new 50/50 joint venture for a total purchase price of $287 million.
Borr Drilling Limited (NYSE:BORR) is involved in the provision of offshore drilling services to the oil and gas industry. The company’s operations are divided into the Dayrate and Integrated Well Services (IWS) segments.
