How the oil patch turned itself around and is attracting a whole new group of investors

A pumpjack operates above an oil well at night in the Bakken Formation on the outskirts of Williston, North Dakota, U.S., on Thursday, March 8, 2018.
Bloomberg | Bloomberg | Getty Images

There's an old saying in Texas — oil will be found where it was once found before.

Now, some investors are saying the same could be true about investing in oil and gas companies. They are once more able to look to them for cash flow and dividend growth.

More In Investing trends

CNBC ProConsider hiding out in these tech stocks during a bear market, Bernstein says
CNBC ProBack-to-school investing preview: Possible recession looms over retailers' busiest half of the year
CNBC ProJPMorgan picks stocks to play a part of China that's flown under the radar