Global Energy Healthy potentially undervalued

China Aviation Oil (Singapore)

Market Cap: S$1.8b

Trades in and supplies jet fuel to civil aviation industry worldwide.

Expand Energy

Market Cap: US$24.0b

Operates as an independent natural gas production company in the United States.

Amplitude Energy

Market Cap: AU$514.3m

Engages in exploration, development, and production of natural gas and low-cost oil in Australia.

Riley Exploration Permian

Market Cap: US$790.7m

An independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in Texas and New Mexico.

OKEA

Market Cap: NOK 4.1b

An oil and gas company, engages in the development and production of oil and gas in the Norwegian Continental Shelf.

ADNOC Gas

Market Cap: د.إ257.0b

Engages in the processing of associated and non-associated gas from onshore oil and gas productions and transmission of related products in the United Arab Emirates.

PetroVietnam Technical Services

Market Cap: ₫19.4t

Engages in the technical services for the oil and gas, energy, and industrial sectors in Vietnam.

VAALCO Energy

Market Cap: US$693.4m

An independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in Gabon, Egypt, Equatorial Guinea, Cote d'Ivoire, Equatorial Guinea, Nigeria, and Canada.

Gulfport Energy

Market Cap: US$3.4b

Engages in the acquisition, exploration, and production of natural gas, crude oil, and natural gas liquids in the United States.

Peabody Energy

Market Cap: US$3.2b

Engages in the production of metallurgical and thermal coal.

Cosmo Energy Holdings

Market Cap: JP¥615.9b

Through its subsidiaries, engages in the petroleum business in Japan and internationally.

Antero Resources

Market Cap: US$12.0b

An independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States.

Infinity Natural Resources

Market Cap: US$1.0b

Engages in the acquisition, exploration, and development of properties to produce crude oil, natural gas, and natural gas liquids in the United States.

Japan Petroleum Exploration

Market Cap: JP¥571.6b

Explores, develops, produces, and sells oil, natural gas, and other energy resources in Japan, Europe, North America, and the Middle East.

Shaanxi Coal Industry

Market Cap: CN¥253.3b

Engages in the production and sales of coal and electricity in China and internationally.

Trican Well Service

Market Cap: CA$1.5b

An equipment services company, provides various products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells in Canada.

Mattr

Market Cap: CA$584.9m

Operates as a materials technology company that serves the infrastructure markets, including electrification, transportation, mining, energy, communication and water management markets in Canada, the United States, Europe, the Middle East, Africa, and the Asia Pacific.

Range Resources

Market Cap: US$10.0b

Operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States.

ACT Energy Technologies

Market Cap: CA$259.1m

Provides directional drilling services and related downhole technologies to oil and natural gas companies in Canada and the United States.

SM Energy

Market Cap: US$7.3b

An independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the United States.

Harbour Energy

Market Cap: UK£5.3b

Engages in the acquisition, exploration, development, and production of oil and gas reserves in Norway, the United Kingdom, Germany, Mexico, Argentina, North Africa, and Southeast Asia.

Canadian Natural Resources

Market Cap: CA$133.3b

Engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa.

DHT Holdings

Market Cap: US$3.0b

Through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Norway, and India.

Beach Energy

Market Cap: AU$2.7b

Operates as an oil and gas exploration and production company.

Jinneng Holding Shanxi Coal Industryltd

Market Cap: CN¥32.4b

Engages in the production and sales of coal in China.

ProFrac Holding

Market Cap: US$1.3b

Operates as a technology-focused energy services holding company in the United States.

Vermilion Energy

Market Cap: CA$2.7b

Engages in petroleum and natural gas, focuses on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia.

CNX Resources

Market Cap: US$5.4b

An independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin.

Dana Gas PJSC

Market Cap: د.إ6.0b

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.

Whitehaven Coal

Market Cap: AU$7.1b

Develops and operates coal mines in Queensland and New South Wales.

Bumi Armada Berhad

Market Cap: RM 2.4b

An investment holding company, engages in providing marine transportation, floating production storage offloading (FPSO) operations, and engineering and maintenance services to offshore oil and gas companies.

Scorpio Tankers

Market Cap: US$3.9b

Engages in the seaborne transportation of crude oil and refined petroleum products worldwide.

Peyto Exploration & Development

Market Cap: CA$5.3b

Engages in the exploration, development, and production of natural gas, and oil and natural gas liquids in Alberta’s deep basin.

Afentra

Market Cap: UK£175.9m

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

TotalEnergies

Market Cap: €169.0b

An integrated energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, the United States, Europe, Brazil, India, and internationally.

Chord Energy

Market Cap: US$8.2b

Operates as an independent exploration and production company in the United States.