Global Energy Undiscovered Gems With Strong Fundamentals

Empresas Lipigas

Market Cap: CL$964.8b

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 74.4b

Processes heavy bitumen crude in Africa.

Hemlo Mining

Market Cap: CA$1.9b

Engages in gold mining.

Epsilon Energy

Market Cap: US$118.8m

A North American onshore independent natural gas and oil company, engages in the acquisition, exploration, development, gathering, and production of natural oil and gas reserves.

Jadranski naftovod d.d

Market Cap: €806.1m

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

GTS Internasional

Market Cap: Rp4.6t

PT GTS Internasional Tbk, together with its subsidiaries, transports liquefied natural gas worldwide.

Wison Engineering Services

Market Cap: HK$1.6b

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

Vivo Energy Mauritius

Market Cap: MU₨13.0b

Vivo Energy Mauritius Limited markets, supplies, and distributes fuels and lubricants to retail and commercial customers in Mauritius.

Citra Tubindo

Market Cap: Rp4.9t

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

Padma Oil

Market Cap: ৳16.5b

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

Dwi Guna Laksana

Market Cap: Rp3.0t

Engages in the coal mining and trading activities in Indonesia.

Les Docks des Pétroles d'Ambès -SA

Market Cap: €90.0m

Provides logistics services of petroleum products in France.

Wafi Energy Pakistan

Market Cap: PK₨48.4b

An energy company, markets petroleum products and compressed natural gas in Pakistan.

China Qinfa Group

Market Cap: HK$6.8b

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.

Japan Oil Transportation

Market Cap: JP¥16.5b

Primarily engages in the transportation of fuel oils, liquefied natural gas (LNG) and other high-pressure gases, petrochemical products, and other related products in Japan and internationally.

Samindo Resources

Market Cap: Rp3.2t

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

Ratio Energies - Limited Partnership

Market Cap: ₪4.9b

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

Dolphin Offshore Enterprises (India)

Market Cap: ₹17.0b

Provides offshore and marine services to the oil and gas industry in India, Thailand, Mexico, Malaysia, Indonesia, Africa, and internationally.

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

Market Cap: د.ك153.4m

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

Qinghai Jinrui Mining Development

Market Cap: CN¥3.3b

Produces and sells strontium salt products in China.

TotalEnergies EP Gabon Société Anonyme

Market Cap: €839.3m

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

Flint

Market Cap: CA$143.0m

Provides upstream, midstream, and downstream production services in Canada and the United States.

Permian Basin Royalty Trust

Market Cap: US$770.4m

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

Lake Area Corn Processors

Market Cap: US$180.7m

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.ك149.1m

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

Petron Malaysia Refining & Marketing Bhd

Market Cap: RM 1.0b

Engages in the manufacture, marketing, and sale of petroleum products for retail and commercial customers in Peninsular Malaysia.

Chennai Petroleum

Market Cap: ₹132.6b

Produces and supplies petroleum products in India.

Meghna Petroleum

Market Cap: ৳20.4b

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

Ipek Dogal Enerji Kaynaklari Arastirma ve Üretim

Market Cap: ₺21.9b

Engages in the research, development, and production of oil, natural gas, and energy and energy resources in Turkey.

Naturelgaz Sanayi ve Ticaret

Market Cap: ₺6.8b

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

Unit

Market Cap: US$315.1m

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

Pulse Seismic

Market Cap: CA$150.1m

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

Conpet

Market Cap: RON 666.6m

Conpet S.A. transports crude oil, rich gas, condensate, and ethane by pipeline and railway in Romania.

Sinanen Holdings

Market Cap: JP¥70.7b

Engages in the energy and non-energy related businesses in Japan and internationally.

Hengtong Logistics

Market Cap: CN¥6.6b

Engages in the logistics business in China.

Al Mahhar Holding Company Q.P.S.C

Market Cap: ر.ق456.8m

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