Global Energy Undiscovered Gems With Strong Fundamentals

Dwi Guna Laksana

Market Cap: Rp2.2t

Engages in the coal mining and trading activities in Indonesia.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 75.6b

Processes heavy bitumen crude in Africa.

Padma Oil

Market Cap: ৳19.3b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

Citra Tubindo

Market Cap: Rp4.1t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Wison Engineering Services

Market Cap: HK$2.1b

An investment holding company, provides chemical engineering, procurement, and construction management services in Mainland China, the United States, the Middle East, Europe, and internationally.

Gulf Island Fabrication

Market Cap: US$122.3m

Operates as a fabricator of steel structures and modules in the United States.

Empresas Lipigas

Market Cap: CL$724.9b

Engages in the distribution and sale of liquefied petroleum gas (LPG) and natural gas (NG) in Chile, Peru, and Colombia.

Jadranski naftovod d.d

Market Cap: €806.1m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Greenfire Resources

Market Cap: US$333.0m

Engages in the exploration, development, and operation of oil and gas properties in the Athabasca oil sands region of Alberta, Canada.

China Qinfa Group

Market Cap: HK$7.4b

An investment holding company, engages in the mining, purchase and sale, filtering, storage, and blending of coal in the People’s Republic of China and Indonesia.

Qinghai Jinrui Mining Development

Market Cap: CN¥3.6b

Produces and sells strontium salt products in China.

TotalEnergies EP Gabon Société Anonyme

Market Cap: €805.5m

Engages in the mining, exploration, and production of crude oil in Gabon.

Les Docks des Pétroles d'Ambès -SA

Market Cap: €91.4m

Engages in the storage and shipping of petroleum products in France.

Samindo Resources

Market Cap: Rp3.8t

Through its subsidiaries, operates as an integrated coal mining services company in Indonesia.

Zhejiang Renzhi

Market Cap: CN¥3.1b

Provides professional services in the oil and gas drilling and engineering fields in China.

Heavy Engineering Industries and Shipbuilding Company K.S.C.P

Market Cap: د.ك155.2m

Operates as an engineering, procurement, and construction contracting company in Kuwait.

Ratio Energies - Limited Partnership

Market Cap: ₪5.2b

Explores, develops, and produces oil and natural gas in Israel and internationally.

Meghna Petroleum

Market Cap: ৳22.3b

Engages in the procurement, storage, and marketing of petroleum products and lubricants, bitumen, liquefied petroleum gas (LPG), and battery water in Bangladesh.

Sichuan Shengda Forestry Industry

Market Cap: CN¥3.1b

Engages in the production and sale of liquefied natural gas (LNG) in China.

Permian Basin Royalty Trust

Market Cap: US$824.5m

Permian Basin Royalty Trust holds royalty interests in various oil and gas properties in the United States.

Lake Area Corn Processors

Market Cap: US$162.9m

Through its subsidiary, Dakota Ethanol, L.L.C., owns and manages an ethanol plant in South Dakota.

National Petroleum Services Company K.S.C.P

Market Cap: د.ك121.7m

National Petroleum Services Company K.S.C.P.

Independent Petroleum Group K.S.C.P

Market Cap: د.ك108.3m

Engages in the trading and marketing of crude oil and petroleum products.

Pulse Seismic

Market Cap: CA$177.6m

Acquires, markets, and licenses two-dimensional (2D) and three-dimensional (3D) seismic data for the energy sector in Canada.

Naturelgaz Sanayi ve Ticaret

Market Cap: ₺6.3b

Engages in the purchase, compression, transportation, and delivery of natural gas in Turkey.

Unit

Market Cap: US$325.7m

Engages in the exploration, acquisition, development, and production of oil and natural gas properties in the United States.

Al Mahhar Holding Company Q.P.S.C

Market Cap: ر.ق467.2m

Engages in the energy and infrastructure business in Qatar and internationally.

Shanghai SK Petroleum & Chemical Equipment

Market Cap: CN¥3.7b

Engages in the research and development, and manufacture of petroleum and chemical equipment in China.

Dezhou United Petroleum TechnologyLtd

Market Cap: CN¥2.8b

Dezhou United Petroleum Technology Co.,Ltd.

Itochu EnexLtd

Market Cap: JP¥223.5b

Engages in the sale of petroleum products and liquefied petroleum gas (LPG), electricity, heat supply, vehicle sales in Japan and internationally.

Hankook Shell OilLtd

Market Cap: ₩548.0b

Engages in the manufacture, assembly, distribution, and marketing of lubricants and grease, and other petroleum products and related products.

Baramulti Suksessarana

Market Cap: Rp10.3t

Operates as a coal mining and trading company in Indonesia.

Xinjiang Hongtong Natural Gas

Market Cap: CN¥4.1b

Engages in the production, storage, transportation, and sales of liquefied natural gas and compressed natural gas in China.

Jiangsu Rutong Petro-Machinery

Market Cap: CN¥4.4b

Researches, develops, manufactures, and sells oil drilling and production equipment and tools in China, the United States, the Middle East, Southeast Asia, Russia, North Africa, and internationally.

SINOPEC Shandong Taishan Pectroleum

Market Cap: CN¥3.3b

SINOPEC Shandong Taishan Pectroleum Co., Ltd.

Pryce

Market Cap: ₱23.9b

Engages in the import and distribution of liquefied petroleum gas (LPG) under the PryceGas brand name in the Philippines.