Global Energy Potentially Undervalued Companies

Jinneng Holding Shanxi Coal Industryltd

Market Cap: CN¥23.1b

Engages in the production and sales of coal in China.

DOF Group

Market Cap: €23.2b

Owns and operates a fleet of offshore and subsea vessels.

ConocoPhillips

Market Cap: €107.0b

Explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids.

Cheniere Energy

Market Cap: €44.1b

An energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States.

DNO

Market Cap: NOK 13.9b

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

BWG

Market Cap: NOK 19.1b

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

Ventura Offshore Holding

Market Cap: NOK 2.1b

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

EOG Resources

Market Cap: €57.2b

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.

Valeura Energy

Market Cap: €736.7m

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

Vallourec

Market Cap: €3.7b

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.

World Kinect

Market Cap: US$1.3b

Operates as an energy management company in the United States, the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

DNO

Market Cap: €13.9b

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

ACT Energy Technologies

Market Cap: CA$169.6m

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

Highwood Asset Management

Market Cap: CA$69.8m

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

Flowco Holdings

Market Cap: US$1.5b

Through its subsidiaries, provides production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry in the United States.

Infinity Natural Resources

Market Cap: US$784.7m

Engages in the acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs in the United States.

EOG Resources

Market Cap: US$57.2b

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.

Coterra Energy

Market Cap: US$19.7b

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

China Coal Xinji EnergyLtd

Market Cap: CN¥17.7b

Engages in mining, washing, and sales of bituminous and anthracite coal in China and internationally.

Jinneng Holding Shanxi Coal Industryltd

Market Cap: CN¥23.1b

Engages in the production and sales of coal in China.

China Oilfield Services

Market Cap: HK$58.7b

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

Sea1 Offshore

Market Cap: NOK 3.2b

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

Archer

Market Cap: NOK 2.1b

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

Afentra

Market Cap: UK£90.7m

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

Scorpio Tankers

Market Cap: €2.8b

Engages in the seaborne transportation of crude oil and refined petroleum products worldwide.

Odfjell Technology

Market Cap: NOK 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.

Bonterra Energy

Market Cap: CA$132.4m

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

PHX Energy Services

Market Cap: CA$326.6m

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.

Tenaz Energy

Market Cap: CA$686.3m

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

ARC Resources

Market Cap: €14.1b

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

Scorpio Tankers

Market Cap: US$2.8b

Engages in the seaborne transportation of crude oil and refined petroleum products worldwide.

SLB

Market Cap: US$53.6b

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

PTT Exploration and Production

Market Cap: ฿416.8b

Engages in the exploration, development, and production of petroleum in Thailand and internationally.

Solstad Maritime

Market Cap: NOK 8.5b

Owns and operates offshore service vessels (OSVs) that provides maritime services to the offshore energy industry in North Sea, North and Central America, Mediterranean and rest of the Europe, Africa, South America, Australia, and Asia.

BW Energy

Market Cap: €10.1b

Engages in the exploration and production of oil and gas properties.

Vallourec

Market Cap: €3.7b

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.