Top 5 Stocks to Buy According to Billionaire Investor Chris Rokos

4. Denbury Inc. (NYSE:DEN)

Value of Rokos Capital’s 13F Position: $45.14 million

Number of Hedge Fund Shareholders: 32

Hedge fund ownership of Denbury Inc. (NYSE:DEN) has shot up by 220% over the last five quarters and Chris Rokos was one of the fund managers adding DEN to his portfolio, buying 592,565 shares in Q4.

Denbury Inc. (NYSE:DEN) averaged 48,900 barrels of oil equivalent per day in volume during the fourth quarter, a slight decrease quarter-over-quarter due to unexpected downtime in December at some of its fields. The company also expects sales volumes to be down slightly in 2022. Nonetheless, the company expects to generate up to $500 million in free cash flow during the year based on a $70 oil price.

Denbury Inc. (NYSE:DEN) reduced its debt by $100 million in 2021 and will use its growing financial liquidity to invest in its growth initiatives, with plans to reach 1.2 billion tons of storage capability by the end of 2022 by building storage facilities at key points across its pipelines.