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.

Star Petroleum Refining

Market Cap: ฿27.7b

Engages in refinery and petroleum product distribution in Thailand and internationally.

Trican Well Service

Market Cap: CA$1.3b

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.

Expand Energy

Market Cap: US$23.0b

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

Flowco Holdings

Market Cap: US$2.1b

Through its subsidiaries, provides production optimization, artificial lift, and emissions management and monetization solutions for the oil and natural gas industry in the United States.

Riley Exploration Permian

Market Cap: US$726.2m

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.

ADNOC Gas

Market Cap: د.إ244.7b

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: ₫19.6t

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

Ovintiv

Market Cap: US$15.0b

Operates as an oil and natural gas exploration and production company in North America.

ARC Resources

Market Cap: CA$14.1b

Acquires and develops crude oil, natural gas, condensate, and natural gas liquids in Canada.

Whitecap Resources

Market Cap: CA$16.9b

Engages in the acquisition, development, and holding of interests in petroleum and natural gas properties and assets in Western Canada.

Ensign Energy Services

Market Cap: CA$596.7m

Provides oilfield services to the oil and natural gas industries in Canada, the United States, and internationally.

Talos Energy

Market Cap: US$2.3b

Through its subsidiaries, engages in the exploration and production of oil and gas in the United States and Mexico.

Gulfport Energy

Market Cap: US$3.5b

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

Cenovus Energy

Market Cap: CA$63.1b

Develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China.

China Oilfield Services

Market Cap: HK$67.5b

Provides integrated oilfield services in China, Indonesia, Mexico, Norway, the Middle East, and internationally.

Devon Energy

Market Cap: US$27.5b

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

Canadian Natural Resources

Market Cap: CA$122.7b

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.

Exxaro Resources

Market Cap: R49.0b

Engages in coal, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Asia, and internationally.

Shaanxi Coal Industry

Market Cap: CN¥237.7b

Shaanxi Coal Industry Company Limited, together with its subsidiaries, mines, produces, washes, processes, and sells coal in China and internationally.

Japan Petroleum Exploration

Market Cap: JP¥554.9b

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

Beach Energy

Market Cap: AU$2.7b

Operates as an oil and gas exploration and production company.

Mattr

Market Cap: CA$574.5m

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.

Baker Hughes

Market Cap: US$59.3b

Provides a portfolio of technologies and services to energy and industrial value chain.

Harbour Energy

Market Cap: UK£4.8b

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.

Range Resources

Market Cap: US$9.8b

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

DHT Holdings

Market Cap: US$3.0b

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

Antero Resources

Market Cap: US$11.3b

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.

SM Energy

Market Cap: US$6.2b

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

EOG Resources

Market Cap: US$68.8b

Explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and Tobago, and internationally.

Coterra Energy

Market Cap: US$23.5b

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

Amplitude Energy

Market Cap: AU$485.8m

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

Jinneng Holding Shanxi Coal Industryltd

Market Cap: CN¥28.3b

Engages in the production and sales of coal in China.

Bumi Armada Berhad

Market Cap: RM 2.2b

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.

Whitehaven Coal

Market Cap: AU$6.3b

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

Afentra

Market Cap: UK£171.4m

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