Global Energy Potentially Undervalued Companies

BWG

Market Cap: NOK 14.4b

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

Vallourec

Market Cap: €3.4b

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.

TotalEnergies

Market Cap: €108.3b

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.

Galp Energia SGPS

Market Cap: €8.8b

Operates as an integrated energy operator in Portugal and internationally.

Hunting

Market Cap: €388.8m

Manufactures components, technology systems, and precision parts 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.

Thungela Resources

Market Cap: €12.7b

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

Athabasca Oil

Market Cap: CA$2.3b

Engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada.

Ovintiv

Market Cap: €8.5b

Explores, develops, produces, and markets natural gas, oil, and natural gas liquids in North America.

SFL

Market Cap: €1.0b

A maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters.

Valeura Energy

Market Cap: €723.4m

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

Tenaris

Market Cap: €14.8b

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.

Trican Well Service

Market Cap: CA$760.8m

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.

TotalEnergies

Market Cap: US$108.3b

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.

Aker BP

Market Cap: €135.0b

Explores for, develops, and produces oil and gas on the Norwegian Continental Shelf.

ProPetro Holding

Market Cap: US$512.7m

Operates as an integrated oilfield services company.

DorianG

Market Cap: US$879.2m

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

SECURE Waste Infrastructure

Market Cap: CA$2.9b

Engages in the waste management and energy infrastructure businesses primarily in Canada and the United States.

EOG Resources

Market Cap: US$60.1b

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.

Whitecap Resources

Market Cap: US$4.5b

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

BP

Market Cap: UK£52.5b

An integrated energy company, provides carbon products and services.

Exxaro Resources

Market Cap: €35.6b

Engages in coal, iron ore investment, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Australia, and Asia.

Tenaris

Market Cap: €14.8b

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.

Santos

Market Cap: AU$17.8b

Explores, develops, produces, transports, and markets hydrocarbons in Australia and Papua New Guinea.

Repsol

Market Cap: €11.1b

Operates as a multi-e energy company in Spain, Peru, the United States, Portugal, and internationally.

Repsol

Market Cap: €11.1b

Operates as a multi-e energy company in Spain, Peru, the United States, Portugal, and internationally.

Aker BP

Market Cap: US$135.0b

Explores for, develops, and produces oil and gas on the Norwegian Continental Shelf.

Cenovus Energy

Market Cap: US$28.8b

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

Verbio

Market Cap: €520.6m

Engages in the production and distribution of fuels and finished products in Germany, Europe, North America, and internationally.

BP

Market Cap: €52.5b

An integrated energy company, provides carbon products and services.

Headwater Exploration

Market Cap: €1.3b

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

BW Offshore

Market Cap: NOK 4.8b

Engages in the engineering of offshore production solutions in the Americas, Europe, Africa, Asia, and the Pacific.

Aker BP

Market Cap: NOK 135.0b

Explores for, develops, and produces oil and gas on the Norwegian Continental Shelf.

Teekay Tankers

Market Cap: US$1.4b

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

Odfjell Technology

Market Cap: NOK 1.6b

A technology and engineering company, provides well, drilling operations, and engineering services in Norway, the United Kingdom, Malaysia, Europe, Asia, and internationally.

Bumi Armada Berhad

Market Cap: RM 2.6b

An investment holding company, provides marine transportation, floating production storage offloading (FPSO) operations, and engineering and maintenance services to offshore oil and gas companies.