5 Cheap Oil Stocks Under $10

4. Vermilion Energy Inc. (NYSE: VET)

Stock Price: $6.54 via Yahoo Finance

Vermilion Energy Inc is an oil exploration and production company that has operations in North America, Australia, and Europe. The company has diversified across different continents which has given it an advantage as compared to the other upstream players. Vermilion Energy was founded in 1994 and is currently headquartered in Calgary, Canada. With a market cap of $1.109 billion, it was ranked at the top of their peer group in 2020 in the SAM Corporate Sustainability Assessment. The company was also selected for The Sustainability Yearbook 2021, which reflects CSA sustainability performance is within the top 15% of the industry. With a current stock price of $6.54 and a high revenue per share of $6.41 (ttm), Vermilion Energy has promising estimates that investors look for. The company is currently focusing on cost reductions and generating positive free cash flow.