Canadian Energy Potentially Undervalued Companies

Calfrac Well Services

Market Cap: CA$543.3m

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

Bonterra Energy

Market Cap: CA$262.6m

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

InPlay Oil

Market Cap: CA$496.5m

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

Mattr

Market Cap: CA$584.9m

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

Source Energy Services

Market Cap: CA$230.3m

Engages in the production and distribution of frac sand used primarily in oil and gas exploration and production in Canada and the United States.

Gran Tierra Energy

Market Cap: CA$325.5m

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.

Saturn Oil & Gas

Market Cap: CA$1.2b

Engages in the acquisition, exploration, and development of petroleum and natural gas resource deposits in Canada.

Trican Well Service

Market Cap: CA$1.5b

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.

Canadian Natural Resources

Market Cap: CA$133.3b

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$321.4m

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

ACT Energy Technologies

Market Cap: CA$259.1m

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

PHX Energy Services

Market Cap: CA$570.3m

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.

Peyto Exploration & Development

Market Cap: CA$5.3b

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

Vermilion Energy

Market Cap: CA$2.7b

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

Tenaz Energy

Market Cap: CA$2.1b

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

Parex Resources

Market Cap: CA$2.7b

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

Western Energy Services

Market Cap: CA$105.3m

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

Rockpoint Gas Storage

Market Cap: CA$1.6b

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

Yangarra Resources

Market Cap: CA$146.8m

A junior oil and gas company, engages in the exploration, development, and production of resource properties in Western Canada.

ARC Resources

Market Cap: CA$18.0b

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

Suncor Energy

Market Cap: CA$109.0b

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

Ensign Energy Services

Market Cap: CA$725.2m

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

Meren Energy

Market Cap: CA$1.7b

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

South Bow

Market Cap: CA$9.9b

Operates as an energy infrastructure company.

Touchstone Exploration

Market Cap: CA$56.8m

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

Ovintiv

Market Cap: CA$17.2b

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.

Total Energy Services

Market Cap: CA$892.1m

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

Highwood Asset Management

Market Cap: CA$72.0m

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

TotalEnergies

Market Cap: CA$169.0b

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$246.4m

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

Orca Energy Group

Market Cap: CA$102.9m

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.

Orca Energy Group

Market Cap: CA$93.9m

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

Flint

Market Cap: CA$185.9m

Provides asset integrity services to the energy and industrial markets in Canada and the United States.

Journey Energy

Market Cap: CA$383.3m

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