Energy Stocks Under $10 to Buy Now: Quicksilver Resources (KWK)
Quicksilver Resources (KWK) is the last name on our list of cheap energy stocks under $10 … and it could also be one of the best rocket-ship plays for rising natural gas. KWK focuses primarily on unconventional reservoirs, such as shale formations, coal beds and tight sands. As such, about 99% of the company’s production comes from natural gas and NGLs.
That fact has punished KWK stock. Remember, prices for natural gas have plunged over the years due to rising North American production.
Still, the key for this cheap energy stock is the long-term trend of rising natural gas prices as the U.S. finally exports its bounty. With new LNG exporting facilities being constructed, U.S. producers will be able finally realize a higher price for their production. That will ultimately benefit KWK stock and its wide asset base. Already, Quicksilver Resources has made some strategic deals with Asian partners to buy its gas in the ground.
And at just $3 per share, KWK stock — like previously mentioned FST — could be worth a gamble whether or not this scenario plays out. As a result, it’s definitely one of the best energy stocks under $10 to buy now.
As of this writing, Aaron Levitt did not hold a position in the aforementioned securities.