5 Energy Stocks Under $10 to Buy Now

These low-priced cheap stocks could be big winners this year

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5 Energy Stocks Under $10 to Buy Now

Energy Stocks Under $10 to Buy Now: Forest Oil Corporation (FST)

Forest Oil 185 5 Energy Stocks Under $10 to Buy NowLike most of the low-priced cheap stocks on this list, Forest Oil (FST) is in the middle of a major turnaround. That’s because, like many energy stocks, FST continues to undergo a major shift in focus for its production.

The first stop for Forest Oil was selling its Texas Pan-handle delineated oil, natural gas and natural gas liquids assets. Those fields brought in cash proceeds of about $944 million. That much-needed cash will be used to pay down the firm’s hefty debt load and enhance its overall financial flexibility.

That includes fully funding its 2014 drilling program and plowing head first into the burgeoning Eagle Ford shale.

FST continues to add to its acreage in the region and newly tapped wells have begun producing some pretty impressive numbers. Overall, Forest Oil estimates that it will see strong oil production growth for the full year as it has finally begun to overcome the “learning curve” of operating in unconventional assets.

Over the long term, analysts speculate that FST will sell off the remaining chunk of its non-core properties in order to focus strictly on the Eagle Ford. If it’s successful, the current share price of this $3.30 could be more valuable than a winning lotto ticket.


Article printed from InvestorPlace Media, http://investorplace.com/2014/01/energy-stocks-under-10/.

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