German Energy Potentially Undervalued Companies

Northern Oil and Gas

Market Cap: €2.0b

An independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States.

DNO

Market Cap: €16.2b

Engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa.

Exxaro Resources

Market Cap: €45.4b

Engages in coal, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Asia, and internationally.

TotalEnergies

Market Cap: €151.9b

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.

Range Resources

Market Cap: €8.4b

Operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States.

Teekay Tankers

Market Cap: €2.5b

Provides marine transportation services to oil industries in Bermuda and internationally.

CNX Resources

Market Cap: €4.5b

An independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin.

Antero Resources

Market Cap: €10.3b

An independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States.

Helmerich & Payne

Market Cap: €3.3b

Provides drilling solutions and technologies for oil and gas exploration and production companies.

EQT

Market Cap: €30.6b

Engages in the exploration, production, gathering, and transmission of hydrocarbons and natural gas.

Shell

Market Cap: €169.3b

Operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States, and other parts of the Americas.

Sea1 Offshore

Market Cap: €4.0b

Owns and operates offshore support vessels for the offshore energy service industry.

Kistos Holdings

Market Cap: €230.7m

Focuses on development and production of gas and other hydrocarbon reserves in the United Kingdom, Norway, and the Netherlands.

Expand Energy

Market Cap: €20.9b

Operates as an independent natural gas production company in the United States.

Paratus Energy Services

Market Cap: €7.3b

Through its subsidiaries, provides drilling services and operates fleets of jack-up rigs under contracts in Mexico.

InPlay Oil

Market Cap: €410.6m

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

Odfjell Technology

Market Cap: €2.2b

Operates as a supplier of offshore operations, well services technology, and engineering solutions in Norway, the United Kingdom, rest of Europe, Kuwait, Malaysia, rest of Asia, and internationally.

China Oilfield Services

Market Cap: €50.4b

Provides integrated oilfield services in China, Indonesia, Mexico, Norway, the Middle East, and internationally.

Ensign Energy Services

Market Cap: €623.3m

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

China Coal Energy

Market Cap: €174.8b

Engages in the production and sale of coal in China and internationally.

Expand Energy

Market Cap: €20.9b

Operates as an independent natural gas production company in the United States.

Talos Energy

Market Cap: €2.3b

Through its subsidiaries, engages in the exploration and production of oil and gas in the United States and Mexico.

Bristow Group

Market Cap: €1.3b

Provides vertical flight solutions to offshore energy companies and government agencies in the United Kingdom, Norway, the United States, Nigeria, and internationally.

EQT

Market Cap: €30.6b

Engages in the exploration, production, gathering, and transmission of hydrocarbons and natural gas.

California Resources

Market Cap: €4.7b

Operates as an independent energy and carbon management company in the United States.

Diversified Energy

Market Cap: €967.7m

An independent energy company, engages in the production, transportation and marketing of natural gas, oil, and liquids primarily in the Appalachian and Central regions of the United States.

Gulfport Energy

Market Cap: €2.7b

Engages in the acquisition, exploration, and production of natural gas, crude oil, and natural gas liquids in the United States.

Odfjell Drilling

Market Cap: €20.3b

Owns and operates mobile offshore drilling units primarily in Norway and Namibia.

Archer

Market Cap: €2.4b

Provides various oilfield products and services to the oil and gas industry in Norway, Europe, North America, south America, and internationally.

Bonterra Energy

Market Cap: €192.4m

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

Cenovus Energy

Market Cap: €69.9b

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

Ventura Offshore Holding

Market Cap: €3.0b

A deep-water drilling contractor, provides offshore drilling services in deep and ultra-deep waters for the oil and gas industry in Brazil and internationally.

Matador Resources

Market Cap: €6.4b

An independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas resources in the United States.

China Shenhua Energy

Market Cap: €1.0t

Engages in the production and sale of coal and electricity in the People’s Republic of China and internationally.

United Tractors

Market Cap: €87.5t

Provides coal mining services in Indonesia.

Precision Drilling

Market Cap: €1.5b

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