Canadian Energy Potentially Undervalued Companies

Athabasca Oil

Market Cap: CA$2.3b

Engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada.

Trican Well Service

Market Cap: CA$760.8m

An equipment services company, provides various products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells in Canada.

SECURE Waste Infrastructure

Market Cap: CA$2.9b

Engages in the waste management and energy infrastructure businesses primarily in Canada and the United States.

NuVista Energy

Market Cap: CA$2.3b

Engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin.

Vermilion Energy

Market Cap: CA$1.3b

An oil and gas producer, focuses on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia.

Kiwetinohk Energy

Market Cap: CA$645.8m

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

MEG Energy

Market Cap: CA$5.0b

An energy company, focuses on in situ thermal oil production in its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada.

CES Energy Solutions

Market Cap: CA$1.4b

Engages in the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada.

Whitecap Resources

Market Cap: CA$4.5b

Engages in the acquisition, development, and production of petroleum and natural gas properties and assets in Western Canada.

Suncor Energy

Market Cap: CA$57.5b

Operates as an integrated energy company in Canada, the United States, and internationally.

Pason Systems

Market Cap: CA$885.3m

Provides instrumentation and data management systems for oil and gas drilling in Canada, the United States, and internationally.

Ensign Energy Services

Market Cap: CA$346.2m

Engages in the provision of oilfield services to the crude oil and natural gas industries in Canada, the United States, and internationally.

Headwater Exploration

Market Cap: CA$1.3b

Engages in the exploration, development, and production of petroleum and natural gas resources in Canada.

Cenovus Energy

Market Cap: CA$28.8b

Develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China.

Valeura Energy

Market Cap: CA$723.4m

Engages in the exploration, development, and production of petroleum and natural gas in Thailand and in Turkey.

STEP Energy Services

Market Cap: CA$268.0m

An energy services company, provides integrated coiled tubing, fluid and nitrogen pumping, and hydraulic fracturing to service oil and natural gas industry in Canada and the United States.

Ovintiv

Market Cap: CA$8.5b

Explores, develops, produces, and markets natural gas, oil, and natural gas liquids in North America.

Total Energy Services

Market Cap: CA$344.0m

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

ACT Energy Technologies

Market Cap: CA$162.5m

Provides directional drilling services to oil and natural gas companies in Canada and the United States.

Canadian Natural Resources

Market Cap: CA$79.2b

Engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa.

Alvopetro Energy

Market Cap: CA$166.4m

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

PHX Energy Services

Market Cap: CA$349.0m

Provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, the United States, Albania, the Middle East regions, and internationally.

Obsidian Energy

Market Cap: CA$469.4m

Engages in the exploration, development, and production of oil and natural gas properties in Western Canada.

PetroTal

Market Cap: CA$549.3m

Engages in the exploration, appraisal and development of oil and natural gas in Peru, South America.

ARC Resources

Market Cap: CA$14.8b

Engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada.

Cardinal Energy

Market Cap: CA$832.4m

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.

Canacol Energy

Market Cap: CA$111.2m

Operates as an oil and gas company in Colombia.

Pine Cliff Energy

Market Cap: CA$211.4m

Engages in the acquisition, exploration, development, and production of natural gas and crude oil in the Western Canadian Sedimentary Basin.

ShaMaran Petroleum

Market Cap: CA$543.7m

Engages in the oil and gas exploration and production.

Tidewater Midstream and Infrastructure

Market Cap: CA$110.0m

Tidewater Midstream and Infrastructure Ltd.

Rubellite Energy

Market Cap: CA$155.1m

An energy company, engages in the exploration, development, production, and marketing of heavy crude oil, natural gas, and bitumen assets in Alberta, Canada.

Precision Drilling

Market Cap: CA$805.3m

A drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in the United States, Canada, and internationally.

Imperial Oil

Market Cap: CA$44.2b

Engages in exploration, production, and sale of crude oil and natural gas in Canada.

Divergent Energy Services

Market Cap: CA$185.8k

Provides artificial lift products and services to clients in the oil and gas industry in Canada and the United States.

Highwood Asset Management

Market Cap: CA$83.0m

Together with its subsidiary, an oil and gas exploration and production company, focuses on the exploration and development of its oil and natural gas properties primarily in Alberta, British Columbia, and Saskatchewan.

Mattr

Market Cap: CA$593.3m

Operates as a materials technology company that serves the transportation, communication, water management, energy and electrification markets in Canada, the United States, Latin America, Europe, Middle East, Africa, and Asia Pacific.