5 Best Oil and Energy Stocks To Buy Now

3. Bonanza Creek Energy, Inc. (NYSE: BCEI)

Number of Hedge Fund Holders: 17

Denver, Colorado-based Bonanza Creek ranks 3rd on the list of 10 best oil and energy stocks to buy now. The stock has gained a whopping 157% over the last 12 months. The company explores and manages onshore oil and associated liquids-rich natural gas in the United States. In its guidance for the fourth quarter, the company said it expects its quarterly lease operating expenses to decline by 27% on a year-over-year basis.

Mangrove Partners currently holds 388,506 shares of BCEI that amounts $7.5 million. BCEI occupies 1.02% of Mangrove Partners’ total portfolio.