Global Energy Healthy potentially undervalued

Expand Energy

Market Cap: US$23.1b

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

Riley Exploration Permian

Market Cap: US$766.0m

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.

Chord Energy

Market Cap: US$7.7b

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

Ovintiv

Market Cap: US$15.8b

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

ADNOC Gas

Market Cap: د.إ240.9b

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.

ARC Resources

Market Cap: CA$14.6b

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

VAALCO Energy

Market Cap: US$636.0m

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.

PetroVietnam Technical Services

Market Cap: ₫19.5t

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

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.

Koninklijke Vopak

Market Cap: €4.7b

An independent tank storage company, stores and handles liquid chemicals, gases, and oil products to the energy and manufacturing markets worldwide.

Devon Energy

Market Cap: US$29.8b

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

Cosmo Energy Holdings

Market Cap: JP¥609.8b

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

Antero Resources

Market Cap: US$11.7b

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.

Mattr

Market Cap: CA$592.3m

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.

Canadian Natural Resources

Market Cap: CA$126.6b

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.

SM Energy

Market Cap: US$6.9b

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$71.3b

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.

Harbour Energy

Market Cap: UK£5.2b

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.

Japan Petroleum Exploration

Market Cap: JP¥576.7b

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

Exxaro Resources

Market Cap: R49.0b

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

Coterra Energy

Market Cap: US$25.5b

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.

Range Resources

Market Cap: US$10.0b

Operates as an independent natural gas, natural gas liquids (NGLs), and oil company 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.

DHT Holdings

Market Cap: US$2.9b

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

China Aviation Oil (Singapore)

Market Cap: S$1.9b

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

Shaanxi Coal Industry

Market Cap: CN¥255.0b

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

Beach Energy

Market Cap: AU$2.8b

Operates as an oil and gas exploration and production company.

Scorpio Tankers

Market Cap: US$3.7b

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

PBF Energy

Market Cap: US$4.8b

Through its subsidiaries, engages in the refining and supplying of petroleum products.

Peyto Exploration & Development

Market Cap: CA$5.0b

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£171.9m

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

ProFrac Holding

Market Cap: US$1.3b

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

SLB

Market Cap: US$83.9b

Engages in the provision of technology for the energy industry worldwide.

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.

Vermilion Energy

Market Cap: CA$2.6b

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

Shanxi Coking Coal Energy Group

Market Cap: CN¥36.6b

Shanxi Coking Coal Energy Group Co., Ltd.