Shares of BP (BP) - Get BP p.l.c. Sponsored ADR Report  have dropped over 6% this year and 25% during the past 12 months, but as the price of oil recovers the energy major's stock will see a tremendous bounce, said Yale Bock, portfolio manager at Y H & C Investments at Covestor.

"They will benefit from the weakness in the space, potentially snapping up some of the weaker competitors," said Bock. "They have also improved operationally and they are making their onshore, Lower 48 division more efficient."

Bock is also bullish on Biglari Holdings (BH) - Get Biglari Holdings Inc. Class B Report , up 12% year-to-date, calling the company cheap after adding up the sum of its vast parts. Biglari holds stakes in Cracker Barrel (CBRL) - Get Cracker Barrel Old Country Store, Inc. Report  and Maxim magazine publishing. It also operates Steak n Shake restaurants and has a truck insurance division.

"The market value of the stock is worth their 20% ownership stake in Cracker Barrel," said Bock. "The rest of the company you are getting for free."

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Interval Leisure Group (IILG)  shares are down 14.5% thus far in 2016, yet Bock remains a supporter of the time-share operator because of all the consolidation in the sector.

"It's 30% owned by Liberty Ventures, which is a part of Liberty Media, and they are buying the time share and resorts business from Starwood (HOT) . Interval bought Hyatt's time share and resorts business last year so when you combine all those properties, I think you will have a top notch operator with great brands," said Bock.

IAC/InterActiveCorp (IAC) - Get IAC/InterActiveCorp. Report  is down 9% since January 21st when it realigned its division and changed its ticker. Bock said the company is cheap once you value all its various assets.

"You get a lot for your money," said Bock, adding that the company is also led by Barry Diller who "has a history of generating good returns for shareholders".

IAC appointed a new CFO on Thursday.