7 Undervalued Energy Stocks With Significant Upside Ahead Oil stocks have outperformed the broader market this year as prices for crude and natural gas remain at multi-year highs. But despite the growth this year, there remain many undervalued energy stocks with significant upside ahead. This is especially true as the prices for oil and gas have come off their highs since late June, and with them brought down the share prices of oil companies. Plus, while many oil stocks have already more than doubled this year, they continue to have low price-to-earnings ratios, pay monster quarterly dividends, and are buying back their own common shares as they report record profits. Recognizing the value still to be found in oil stocks, many of the most successful and best-known investors in the world have been concentrating on buying shares in energy companies this year, including none other than Warren Buffett . As investors continue to look for bargains in the market, we look at seven undervalued energy stocks with significant upside ahead. Undervalued Energy Stocks: Vermilion Energy (VET) Source: travelview | Shutterstock.com We’ll begin in the snowy wilds of Canada, which is home to many oil and natural gas companies, many of them woefully undervalued.