Global Energy Undiscovered Gems With Strong Fundamentals

Akastor

Market Cap: NOK 3.0b

Operates as an oilfield services investment company in Norway and internationally.

Aradel Holdings

Market Cap: ₦2.2t

An integrated energy company, engages in the exploration, production, refining, and distribution of oil and gas products in an integrated energy company, engages in the exploration, production, refining, and distribution of oil and gas products.

China Aviation Oil (Singapore)

Market Cap: S$714.0m

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

Hemisphere Energy

Market Cap: CA$170.2m

Acquires, explores, develops, and produces petroleum and natural gas interests in Canada.

Hargreaves Services

Market Cap: UK£197.4m

Provides environmental and industrial services in the United Kingdom, Europe, Hong Kong, and internationally.

Alvopetro Energy

Market Cap: CA$176.6m

Engages in the acquisition, exploration, development, and production of hydrocarbons in Brazil and Canada.

Carnarvon Energy

Market Cap: AU$196.8m

Engages in the exploration, development, and production of oil and gas properties in Australia.

Cardinal Energy

Market Cap: CA$884.9m

Engages in the acquisition, exploration, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan in Canada.

Jiangsu Hongtian TechnologyLtd

Market Cap: CN¥5.9b

Research, develops, produces, and sale of oil, natural gas, and shale gas drilling and production equipment in China.

Keyfield International Berhad

Market Cap: RM 1.5b

Engages in the chartering of own and third-party vessels in Malaysia.

Great Eastern Shipping

Market Cap: ₹125.5b

Through its subsidiaries, engages in the shipping and offshore businesses in India and internationally.

Bristow Group

Market Cap: US$809.1m

Provides vertical flight solutions to integrated, national, and independent offshore energy companies and government agencies.

Zhongman Petroleum and Natural Gas GroupLtd

Market Cap: CN¥7.4b

An oil and gas company, engages in the drilling and completion engineering services, and petroleum equipment manufacturing businesses.

Freehold Royalties

Market Cap: CA$1.9b

Acquires and manages royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Canada and the United States.

TETRA Technologies

Market Cap: US$317.7m

Operates as an energy services and solutions company.

MODEC

Market Cap: JP¥243.5b

A general contractor, engages in the engineering, procurement, construction, and installation of floating production systems for the offshore oil and gas production industries in Brazil, Guyana, Senegal, Ghana, Ivory Coast, Mexico, and internationally.

Birchcliff Energy

Market Cap: CA$1.6b

An intermediate oil and natural gas company, engages in the exploration, development, and production of natural gas, light oil, condensate, and other natural gas liquids in Western Canada.

Vietnam National Petroleum Group

Market Cap: ₫43.0t

Engages in the exporting, importing, and trading of petroleum products in Vietnam and internationally.

Deleum Berhad

Market Cap: RM 602.3m

An investment holding company, provides products and services to the oil and gas industries primarily in Malaysia.

Etablissements Maurel & Prom

Market Cap: €890.6m

Engages in exploration and production of oil and gas, and hydrocarbons in Gabon, Tanzania, Angola, Colombia, and France.

National Energy Services Reunited

Market Cap: US$559.0m

Provides oilfield services in the Middle East and North Africa region.

BWG

Market Cap: NOK 14.8b

An investment holding company, engages in ship owning and chartering activities worldwide.

Beijing Haohua Energy Resource

Market Cap: CN¥10.1b

Engages in the mining, washing, manufacturing, processing, export, and sale of coal in China.

BW Offshore

Market Cap: NOK 4.9b

Engages in the engineering of offshore production solutions in the Americas, Europe, Africa, Asia, and the Pacific.

Oceaneering International

Market Cap: US$1.7b

Provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries in the United States.