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The investment bank Goldman Sachs Group Inc. (NYSE:GS) has predicted a high oil demand for 2022 and 2023. As post-pandemic demand has outpaced supply, oil prices have spiked in recent months. This should bode well for the oil and gas equipment companies. The global oilfield equipment market is expected to reach $139.3 Billion by 2026, growing at a CAGR of 2.8%.
Therefore, the under $10 oil and gas equipment and services stocks of NOW Inc. (DNOW) and Geospace Technologies Corporation (GEOS) might be solid bets. These stocks are rated B (Buy) in our proprietary POWR Rating system.
