Canadian Energy Potentially Undervalued Companies

Calfrac Well Services

Market Cap: CA$613.6m

Provides specialized oilfield services in Canada, the United States, and Argentina.

Bonterra Energy

Market Cap: CA$257.9m

A conventional oil and gas company, engages in the development and production of oil and natural gas in Canada.

Tenaz Energy

Market Cap: CA$1.9b

An energy company, engages in the acquisition and development of oil and gas assets in Canada and the Netherlands.

Vermilion Energy

Market Cap: CA$2.6b

Engages in petroleum and natural gas, focuses on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia.

Parex Resources

Market Cap: CA$2.5b

Engages in the exploration, development, production, and marketing of oil and natural gas in Colombia.

PHX Energy Services

Market Cap: CA$531.4m

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, the Middle East regions, and internationally.

InPlay Oil

Market Cap: CA$494.3m

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

Advantage Energy

Market Cap: CA$1.7b

Engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada.

North American Construction Group

Market Cap: CA$548.0m

Provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States.

Gran Tierra Energy

Market Cap: CA$299.5m

Gran Tierra Energy Inc., together with its subsidiaries, is involved in the exploration and production of oil and gas properties in Colombia, Canada, and Ecuador.

ACT Energy Technologies

Market Cap: CA$276.8m

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

Canadian Natural Resources

Market Cap: CA$139.7b

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$311.4m

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

Total Energy Services

Market Cap: CA$968.7m

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

Rockpoint Gas Storage

Market Cap: CA$1.6b

Owns and operates natural gas storage infrastructure facilities in North America.

ARC Resources

Market Cap: CA$17.9b

Acquires and develops crude oil, natural gas, condensate, and natural gas liquids in Canada.

Suncor Energy

Market Cap: CA$110.2b

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

Whitecap Resources

Market Cap: CA$20.4b

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

Western Energy Services

Market Cap: CA$100.9m

Operates as an oilfield service company in Canada and the United States.

Logan Energy

Market Cap: CA$636.3m

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

Ensign Energy Services

Market Cap: CA$831.4m

Provides oilfield services to the oil and natural gas industries in Canada, the United States, and internationally.

Meren Energy

Market Cap: CA$1.6b

Operates as an oil and gas exploration and production company in Nigeria, Namibia, South Africa, and Equatorial Guinea.

Headwater Exploration

Market Cap: CA$3.1b

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

Touchstone Exploration

Market Cap: CA$43.8m

Engages in the exploration, development, acquisition, production, and sale of petroleum and natural gas properties in the Republic of Trinidad and Tobago.

Cenovus Energy

Market Cap: CA$78.1b

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

Ovintiv

Market Cap: CA$16.5b

Operates as an oil and natural gas exploration and production company in North America.

LNG Energy Group

Market Cap: CA$3.7m

Focuses on the acquisition and development of natural gas production and exploration assets in Latin America.

Highwood Asset Management

Market Cap: CA$78.3m

Together with its subsidiary, operates as an oil and gas exploration and production company in Canada.

Trican Well Service

Market Cap: CA$1.7b

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.

Lycos Energy

Market Cap: CA$226.9m

A resource company, engages in the exploration, development, and production of petroleum and natural gas in Western Canada.

TotalEnergies

Market Cap: CA$175.0b

An integrated energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, the United States, Europe, Brazil, India, and internationally.

Condor Energies

Market Cap: CA$233.3m

An oil and gas company, engages in the production of natural gas in Uzbekistan, Turkey, and Kazakhstan.

East West Minerals

Market Cap: CA$1.9m

A junior oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas properties in Canada, New Zealand, and Romania.

Orca Energy Group

Market Cap: CA$100.9m

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

Matachewan Consolidated Mines

Market Cap: CA$5.7m

Invests in mineral properties in Canada.

Peyto Exploration & Development

Market Cap: CA$5.5b

Engages in the exploration, development, and production of natural gas, and oil and natural gas liquids in Alberta’s deep basin.