Global Energy Undiscovered Gems With Strong Fundamentals

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 73.7b

Processes heavy bitumen crude in Africa.

Epsilon Energy

Market Cap: US$114.9m

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.

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: Rp4.8t

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

Dwi Guna Laksana

Market Cap: Rp3.0t

Engages in the coal mining and trading activities in Indonesia.

GTS Internasional

Market Cap: Rp4.1t

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

Padma Oil

Market Cap: ৳16.5b

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

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.

Jadranski naftovod d.d

Market Cap: €775.9m

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

Empresas Lipigas

Market Cap: CL$959.3b

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

Ratio Energies - Limited Partnership

Market Cap: ₪5.1b

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

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.

China Qinfa Group

Market Cap: HK$6.6b

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.

Kiwetinohk Energy

Market Cap: CA$1.1b

Produces of natural gas natural gas liquids, oil, and condensate in Canada.

Qinghai Jinrui Mining Development

Market Cap: CN¥3.5b

Produces and sells strontium salt products in China.

Dolphin Offshore Enterprises (India)

Market Cap: ₹16.3b

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

Wafi Energy Pakistan

Market Cap: PK₨52.9b

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

Samindo Resources

Market Cap: Rp3.2t

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

TotalEnergies EP Gabon Société Anonyme

Market Cap: €825.8m

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

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.

Les Docks des Pétroles d'Ambès -SA

Market Cap: €91.0m

Provides logistics services of petroleum products in France.

Petron Malaysia Refining & Marketing Bhd

Market Cap: RM 1.1b

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

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.

Chennai Petroleum

Market Cap: ₹132.1b

Produces and supplies petroleum products in India.

National Petroleum Services Company K.S.C.P

Market Cap: د.ك149.1m

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

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: ₺22.2b

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

Permian Basin Royalty Trust

Market Cap: US$786.3m

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

Vantage Drilling International

Market Cap: US$162.7m

Operates as an offshore drilling company that provides offshore contract drilling services in the United States and internationally.

Hengtong Logistics

Market Cap: CN¥6.7b

Engages in the logistics business in China.

Sinanen Holdings

Market Cap: JP¥70.1b

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

Conpet

Market Cap: RON 666.6m

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

Naturelgaz Sanayi ve Ticaret

Market Cap: ₺6.8b

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

Al Mahhar Holding Company Q.P.S.C

Market Cap: ر.ق456.8m

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

Pulse Seismic

Market Cap: CA$152.7m

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

Unit

Market Cap: US$303.9m

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