Rising demand and supply constraints have driven up oil and prices lately. And given the industry’s momentum, we think undervalued stocks APA Corporation (APA), Subsea 7 (OTC:), Whiting Petroleum (NYSE:), and Berry Corporation (BRY) might be good additions to one’s portfolio. These stocks are rated ‘Buy’ in our proprietary rating system. Read on. and natural gas prices are experiencing a remarkable rally, driven by rising demand from a reopening economy and tight supply. Oil prices hit multi-year highs on October 18, with futures hitting $85.45 per barrel, while the United States West Texas intermediate (WTI) reached $83.18 per barrel. And oil prices could rise further if OPEC sticks to its tight supply policy. Hence, analysts expect oil prices to hit $100 per barrel.

Furthermore, the United States Energy Information Administration (EIA) expects natural gas spot prices at the benchmark Henry Hub to average $5.67 per million British thermal units (MMBtu) between October and March, representing the highest prices since the 2007-2008 period.

Given the industry’s momentum, undervalued stocks APA Corporation (APA), Subsea 7 S.A. (SUBCY), Whiting Petroleum Corporation (WLL), and Berry Corporation (BRY) could be solid bets now. These stocks have an overall B (Buy) rating in our proprietary POWR Ratings system.

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