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The EIA said in its latest STEO that “crude oil prices have risen over the past year as a result of steady draws on global oil inventories, which averaged 1.9 million barrels per day during the first three quarters of 2021”. Also, according to a Deloitte report, the oil and gas industry has rebounded strongly throughout 2021. The report also stated that oil and gas companies are rebuilding themselves for a strategic transformation in 2022.
Therefore, we think it could be worth watching oil & gas stocks Comstock Resources, Inc. (CRK), Tellurian Inc. (TELL), and W&T Offshore, Inc. (WTI), each of which is trading at below $10. Wall Street analysts expect these stocks to gain more than 35% in price in the near term.
