The US shale oil industry is currently in its last phase of consolidation, and on the other side, oil prices are higher and are forecast to remain there for longer.

Even more exciting, some opportunities are still priced for bankruptcy.

Our quantamental valuation shows that Callon Petroleum Corp $CPE and Diamondback Energy $FANG are the best undervalued opportunities to benefit from high oil and gas prices.$CPE is more undervalued as it is priced for bankruptcy.
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