4 Undervalued Energy Stocks to Buy and Hold for the Long Term With prices on the move, investors would be wise to look to undervalued energy stocks. The recovery for oil has been robust and Brent currently trades at $120 per barrel. With the surge in energy prices, oil and gas exploration stocks have also been market out-performers. An important point to note is that there are fears of a global recession in 2023. However, this factor has not translated into a correction for oil and gas. The key reason is geopolitical tensions being discounted in energy prices. 7 of the Hottest Energy Stocks to Buy This Summer Further, the slowdown in the global economy is likely to be temporary. With renewed growth, demand for energy will remain strong. Considering the demand and geo-political factors, I believe that energy prices will remain high in the next few years. Let’s therefore talk about four undervalued energy stocks that can deliver robust returns. RIG Transocean $4.59 HP Helmerich Payne $51.00 LNDNF Lundin Energy $49.00 EQNR Equinor $36.88 Transocean (RIG) Source: Arild Lilleboe | Shutterstock.com Several oil and gas exploration stocks have surged with Brent trading well above $100.