It is no secret that oil prices are having a major affect on the global economy .
The commodity that once commanded $ 110 per barrel in 2014 just settled for October 2015 delivery at $ 38.85 per barrel , which is 71 cents lower than the month before – and significantly lower than the previous year .
The decline in oil prices has caused somewhat of a panic across the market however according to some , things may not be as bad as they seem .
“ This is precisely what we might have hoped for , as this market collapse does present an enormous opportunity to buy some great oil stocks at bargain prices ,” explained Daniel Dicker for TheStreet . com .
“ Stocks are beginning to reach the equivalent value of their commodity counterparts . That means that opportunities are beginning to emerge in stocks that rely upon their underlying commodity prices .”
With that in mind , here are 10 stocks that we recommend looking into during this time of “ panic ”: Each has seen a high percentage return over the past few months , and each has at least one industry-impacting project either in the works on or the horizon — not to mention what may be the lowest open price the market will likely see for quite some time .
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