Global Energy Undiscovered Gems With Strong Fundamentals

Itochu EnexLtd

Market Cap: JP¥213.5b

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: ₩607.8b

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

Pryce

Market Cap: ₱24.6b

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

Jiangsu Rutong Petro-Machinery

Market Cap: CN¥4.0b

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¥3.1b

SINOPEC Shandong Taishan Pectroleum Co., Ltd.

SALA

Market Cap: JP¥69.9b

Through its subsidiaries, engages in the energy supply and solution business in Japan.

Dezhou United Petroleum TechnologyLtd

Market Cap: CN¥3.1b

Dezhou United Petroleum Technology Co.,Ltd.

Baramulti Suksessarana

Market Cap: Rp10.4t

Operates as a coal mining and trading company in Indonesia.

Exmar

Market Cap: €791.2m

Engages in the provision of shipping and floating infrastructure solutions worldwide.

Jamuna Oil

Market Cap: ৳20.3b

Engages in marketing of refined petroleum oil, lubricants, gas, and bitumen in Bangladesh.

Shanghai SK Petroleum & Chemical Equipment

Market Cap: CN¥4.2b

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

Lapidoth Capital

Market Cap: ₪6.1b

Provides drilling and related services in Israel, Romania, the United States, Poland, rest of Europe, and internationally.

Tong Petrotech

Market Cap: CN¥3.2b

Provides technical support and services for oil and gas exploration and development in China and internationally.

Jindal Drilling & Industries

Market Cap: ₹14.7b

Engages in providing drilling and related services to the oil and gas exploration companies in India.

Mitsuuroko Group HoldingsLtd

Market Cap: JP¥120.1b

Supplies liquefied petroleum gas and petroleum products in Japan, Singapore, and the rest of Asia.

Humpuss Maritim Internasional

Market Cap: Rp3.7t

PT Humpuss Maritim Internasional Tbk., together with its subsidiaries, transports liquified natural gas, crude oil, fuel oil, chemicals, containers, coal, and other sea cargoes in Indonesia.

Vivo Energy Cote d'Ivoire

Market Cap: XOF 94.5b

Vivo Energy Cote d'Ivoire SA markets and distributes fuels, lubricants, liquefied petroleum gas, and commercial services to mining, construction, power, road transport, aviation and marine sectors in Africa.

Transportadora de Gas del Norte

Market Cap: AR$2.3t

Engages in the natural gas transportation in the north and central west regions of Argentina.

Sabine Royalty Trust

Market Cap: US$980.8m

Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States.

Cohen Development Gas & Oil

Market Cap: ₪1.3b

Engages in the exploration for, development, production, and marketing of natural gas, condensate, and oil in Israel, Cyprus, and Morocco.

BBGI

Market Cap: ฿4.1b

Manufactures and distributes biofuel and related products primarily in Thailand.

Raharja Energi Cepu

Market Cap: Rp26.5t

Through its subsidiary, PT Raharja Energi Tanjung Jabung, engages in the mining and excavation of oil and gas blocks in Indonesia.

Hemlo Mining

Market Cap: CA$2.3b

Operates as a gold production company.

Total Energy Services

Market Cap: CA$543.3m

Operates as an energy services company primarily in Canada, the United States, Australia, and internationally.

Petron

Market Cap: ₱22.5b

Operates as an oil refining and marketing company in the Philippines.

Pakistan Oilfields

Market Cap: PK₨173.5b

Engages in the exploration, drilling and production of crude oil and gas in Pakistan.

SandRidge Energy

Market Cap: US$513.0m

Engages in the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States Mid-Continent region.

Orca Energy Group

Market Cap: CA$168.9m

Engages in the exploration, development, production, and supply of petroleum and natural gas to the power and industrial sectors in Tanzania.

Elridge Energy Holdings Berhad

Market Cap: RM 2.0b

An investment holding company, engages in the manufacture and trading of biomass fuel products in Malaysia, Singapore, Indonesia, Japan, and Thailand.

Gujarat Mineral Development

Market Cap: ₹164.3b

Engages in mining and mineral processing business in India.

Al Maha Petroleum Products Marketing Company SAOG

Market Cap: ر.ع72.7m

Engages in the marketing and distribution of petroleum products in the Sultanate of Oman.

Rosetti Marino

Market Cap: €1.1b

Engages in the energy, energy transition, and shipbuilding businesses in Italy, rest of the European Union, and internationally.

NorAm Drilling

Market Cap: NOK 1.3b

Together with its subsidiary, owns and operates AC driven rigs for the drilling of horizontal wells in the United States.

Afriquia Gaz

Market Cap: د.م14.3b

Engages in the distribution of liquefied petroleum gas in Morocco.

Shanxi Blue Flame Holding

Market Cap: CN¥6.4b

Engages in the exploration, development, and utilization of coal mine gas.

Gulf International Services Q.P.S.C

Market Cap: ر.ق4.7b

Through its subsidiaries, provides insurance and reinsurance, helicopter transportation, and drilling and related services in Qatar, Turkiye, and internationally.