5 Cheap Oil Stocks to Buy in 2022

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In this article, we discuss 5 cheap oil stocks to buy in 2022. If you want to read our detailed analysis of these stocks, go directly to 10 Cheap Oil Stocks to Buy in 2022

5. Crescent Point Energy Corp. (NYSE:CPG)

Number of Hedge Fund Holders: 11

Real-Time Share Price as of February 14: $6.70

Crescent Point Energy Corp. (NYSE:CPG) operates as an oil and gas firm. Recent reports indicate that the company is planning to sell some of the assets it owns in Alberta and Saskatchewan. The firm expects the sales to fetch nearly $394 million. The sale is being considered in three separate packages. In December, the company raised the dividend payout by 50% and boosted 2022 production numbers. 

Top hedge funds hold large stakes in Crescent Point Energy Corp. (NYSE:CPG). Among the hedge funds being tracked by Insider Monkey, Boston-based firm Arrowstreet Capital is a leading shareholder in Crescent Point Energy Corp. (NYSE:CPG), with 11 million shares worth more than $52 million. 

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