Global Energy Healthy potentially undervalued

Ventura Offshore Holding

Market Cap: NOK 3.4b

A deep-water drilling contractor, provides offshore drilling services in deep and ultra-deep waters for the oil and gas industry in Brazil and internationally.

Antero Resources

Market Cap: US$11.1b

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$860.9m

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

Expand Energy

Market Cap: US$22.2b

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.

d'Amico International Shipping

Market Cap: €849.4m

Through its subsidiaries, operates as a marine transportation company worldwide.

DHT Holdings

Market Cap: US$2.6b

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

Japan Petroleum Exploration

Market Cap: JP¥448.7b

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

China Aviation Oil (Singapore)

Market Cap: S$1.7b

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

Archer

Market Cap: NOK 2.6b

Provides various oilfield products and services to the oil and gas industry in Norway, Europe, North America, south America, and internationally.

Sea1 Offshore

Market Cap: NOK 4.1b

Owns and operates offshore support vessels for the offshore energy service industry.

Chord Energy

Market Cap: US$7.4b

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

Scorpio Tankers

Market Cap: US$3.4b

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

Whitecap Resources

Market Cap: CA$19.1b

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

CES Energy Solutions

Market Cap: CA$3.7b

Engages in the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada.

PetroVietnam Technical Services

Market Cap: ₫19.7t

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

Talos Energy

Market Cap: US$2.4b

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

DNO

Market Cap: NOK 17.7b

Engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa.

DOF Group

Market Cap: NOK 29.4b

Owns and operates a fleet of offshore and subsea vessels.

Teekay Tankers

Market Cap: US$2.4b

Provides marine transportation services to oil industries in Bermuda and internationally.

Gulfport Energy

Market Cap: US$3.0b

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

United Tractors

Market Cap: Rp81.9t

Provides coal mining services in Indonesia.

EQT

Market Cap: US$34.4b

Engages in the exploration, production, gathering, and transmission of hydrocarbons and natural gas.

California Resources

Market Cap: US$5.3b

Operates as an independent energy and carbon management company in the United States.

Cosmo Energy Holdings

Market Cap: JP¥582.9b

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

Petroreconcavo

Market Cap: R$3.3b

Engages in the exploration and production of oil and gas extraction in Brazil.

Hibiscus Petroleum Berhad

Market Cap: RM 1.5b

Engages in the exploration, development, and sale of oil and gas in Peninsular Malaysia, Sabah, Malaysia, the United Kingdom, Brunei, Australia, and Vietnam.

Medco Energi Internasional

Market Cap: Rp29.7t

Explores for and produces oil and gas in Indonesia, Asia, Africa, the Middle East, and the United Kingdom.

China Oilfield Services

Market Cap: HK$59.5b

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

ACT Energy Technologies

Market Cap: CA$262.1m

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

Harbour Energy

Market Cap: UK£5.1b

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$9.2b

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

Canadian Natural Resources

Market Cap: CA$130.4b

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.

Shaanxi Coal Industry

Market Cap: CN¥259.5b

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

Beach Energy

Market Cap: AU$2.5b

Operates as an oil and gas exploration and production company.

Bangchak Corporation

Market Cap: ฿48.8b

Engages in the refining and marketing of petroleum products in Thailand, Singapore, Norway, Korea, Laos, and internationally.