Global Energy Potentially Undervalued Companies

BWG

Market Cap: NOK 15.8b

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

EOG Resources

Market Cap: US$60.0b

Explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and Tobago, and internationally.

Tenaris

Market Cap: €15.8b

Manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

TotalEnergies

Market Cap: US$114.2b

A multi-energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, rest of Europe, and internationally.

Canadian Natural Resources

Market Cap: CA$88.9b

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.

Exxaro Resources

Market Cap: R35.5b

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

Thungela Resources

Market Cap: €11.9b

Engages in the mining and production of thermal coal in South Africa and Australia.

Trican Well Service

Market Cap: CA$786.1m

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.

Hafnia

Market Cap: US$25.6b

Owns and operates oil product tankers in Bermuda.

DOF Group

Market Cap: €21.9b

Owns and operates a fleet of offshore and subsea vessels.

Exxaro Resources

Market Cap: €35.5b

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

DorianG

Market Cap: US$925.9m

Engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide.

CES Energy Solutions

Market Cap: €1.4b

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

Valeura Energy

Market Cap: €732.2m

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

TotalEnergies

Market Cap: €114.2b

A multi-energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, rest of Europe, and internationally.

Vallourec

Market Cap: €3.5b

Through its subsidiaries, provides tubular solutions for the oil and gas, industry, and new energies markets in Europe, North America, South America, Asia, the Middle East, and internationally.

Shanxi Coking Coal Energy Group

Market Cap: CN¥34.2b

Shanxi Coking Coal Energy Group Co., Ltd.

China Oilfield Services

Market Cap: HK$55.0b

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

Dana Gas PJSC

Market Cap: د.إ5.0b

Engages in the exploration, production, ownership, transportation, processing, distribution, marketing, and sale of natural gas and petroleum related products in the United Arab Emirates, Iraq, and Egypt.

Odfjell Technology

Market Cap: NOK 1.9b

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

Headwater Exploration

Market Cap: €1.5b

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

Teekay Tankers

Market Cap: US$1.5b

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

Hafnia

Market Cap: €25.6b

Owns and operates oil product tankers in Bermuda.

Schlumberger

Market Cap: US$45.8b

Engages in the provision of technology for the energy industry worldwide.

Rubellite Energy

Market Cap: €163.3m

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

Afentra

Market Cap: UK£96.6m

Operates as an upstream oil and gas company primarily in Africa.

Canacol Energy

Market Cap: €92.1m

Operates as an oil and gas company in Colombia.

Sea1 Offshore

Market Cap: NOK 3.7b

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

PHX Energy Services

Market Cap: CA$368.1m

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.

Halliburton

Market Cap: US$17.3b

Provides products and services to the energy industry worldwide.

Teekay Tankers

Market Cap: €1.5b

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

Galp Energia SGPS

Market Cap: €9.8b

Operates as an integrated energy operator in Portugal and internationally.

TotalEnergies

Market Cap: €114.2b

A multi-energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, rest of Europe, and internationally.

Archer

Market Cap: NOK 2.2b

Provides various oilfield products and services to the oil and gas industry in Norway, Argentina, the United Kingdom, and internationally.

NuVista Energy

Market Cap: CA$2.8b

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

Frontline

Market Cap: US$3.9b

A shipping company, engages in the ownership and operation of oil and product tankers worldwide.