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However, according to OPEC, oil demand should exceed pre-pandemic levels in 2022. Therefore, stocks bought during the dip in the oil prices could deliver rewards to investors when oil prices rebound.
So, we think it could be worth betting on extraction stocks W&T Offshore, Inc. (WTI) and VAALCO Energy, Inc. (EGY). These stocks are currently trading at less than $10 but possess solid rebound prospects.
