5 Very Cheap Energy Stocks Ready To Explode

Investors with Long Positions (as of June 30): 37

Aggregate Value of Investors’ Holdings (as of June 30): $840.96 Million

Even though the stock price of our top-ranked company fell by nearly 30% during the second quarter, the hedge fund interest grew from 31 funds with $1.01 billion in collective holdings at the end of March. Eric W. Mandelblatt‘s Soroban Capital Partners is the largest stockholder of California Resources Corp (NYSE:CRC), holding some 33.91 million shares valued at $204.82 million. The company has cut down its production and deferred on many high return projects given the current climate. However, it still has a considerable inventory of projects that break even at a price of $35 Brent oil. Moreover, California Resources Corp (NYSE:CRC) also prepared itself for a possibly tough future by paying back some of its loans and decreasing the size of its balance sheet.

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