5 Best Oil and Gas Penny Stocks to Buy

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In this article, we will take a look at the 5 best oil and gas penny stocks to buy. To see more such companies, go directly to 10 Best Oil and Gas Penny Stocks to Buy.

5. Baytex Energy Corp. (NYSE:BTE)

Number of Hedge Fund Holders: 11

Canadian-based Baytex Energy Corp. (NYSE:BTE) is engaged in the acquisition, development and production of crude oil and natural gas. Baytex Energy Corp. (NYSE:BTE) in June said that it completed its acquisition of Ranger Oil (NASDAQ:ROCC).

Baytex Energy Corp. (NYSE:BTE) now plans to increase direct shareholder returns to 50% of the free cash flow generated by the combined company.

Insider Monkey’s database of 943 hedge funds shows that 11 funds had stakes in Baytex Energy Corp. (NYSE:BTE) as of the end of the March quarter. The biggest stakeholder of Baytex Energy Corp. (NYSE:BTE) was Vince Maddi and Shawn Brennan’s SIR Capital Management which owns a $13.3 million stake in the company.

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