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Investor finds value in the oil bear market

Oil pumps wells Monterey Shale fracking
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Craig Hodges, one of the 14 members of the "Squawk Box" Platinum Portfolio, is buying shares of a small-cap energy name in a move to shake things up in the competition.

The chief executive officer of Hodges Capital Management, which focuses on small-cap value stocks, decided to add shares of Matador Resources as one of his top picks for the model portfolio.

Here's why he thinks there's an opportunity for the stock to move higher: