Global Energy Undervalued Small Caps

Source Energy Services

Market Cap: CA$221.1m

Engages in the production and distribution of frac sand used primarily in oil and gas exploration and production in Canada and the United States.

ACT Energy Technologies

Market Cap: CA$232.9m

Provides directional drilling services to oil and natural gas exploration and development companies in Canada and the United States.

Petron

Market Cap: ₱28.9b

Operates as an oil refining and marketing company in the Philippines.

Dana Gas PJSC

Market Cap: د.إ6.1b

Engages in the exploration, production, ownership, transportation, processing, distribution, marketing, and sale of natural gas and petroleum related products in the United Arab Emirates, Iraq, and Egypt.

Afentra

Market Cap: UK£133.9m

Operates as an upstream oil and gas company primarily in Africa.

OMS Energy Technologies

Market Cap: US$180.4m

Through its subsidiaries, manufactures and sells specialty connectors and pipes, surface wellhead and Christmas trees, premium threading services, and other ancillary services in Saudi Arabia, Singapore, Malaysia, Thailand, Indonesia and internationally.

Solstad Offshore

Market Cap: NOK 4.8b

Owns and operates offshore service vessels.

Deleum Berhad

Market Cap: RM 518.0m

An investment holding company, provides products and services to the oil and gas industries primarily in Malaysia.

Imperial Petroleum

Market Cap: US$215.7m

Provides seaborne transportation services worldwide.

BW Energy

Market Cap: NOK 12.9b

Engages in the exploration and production of oil and gas properties.

ProPetro Holding

Market Cap: US$1.5b

Operates as an integrated energy services company.

Alvopetro Energy

Market Cap: CA$305.2m

Engages in the acquisition, exploration, development, and production of hydrocarbons in Brazil and Canada.

Friedrich Vorwerk Group

Market Cap: €1.6b

Provides various solutions for transformation and transportation of energy in Germany and Europe.

SBO

Market Cap: €586.3m

Manufactures and sells steel products worldwide.

Logan Energy

Market Cap: CA$506.3m

Engages in the exploration, development, and production of crude oil and natural gas properties.

Unimot

Market Cap: zł1.2b

An independent fuel importer, engages in the wholesale and distribution of diesel oil and other liquid fuels in Poland and internationally.

Odfjell Technology

Market Cap: NOK 2.8b

Operates as a supplier of offshore operations, well services technology, and engineering solutions in Norway, the United Kingdom, rest of Europe, Kuwait, Malaysia, rest of Asia, and internationally.