Global Energy Potentially Undervalued Companies

China Aviation Oil (Singapore)

Market Cap: S$1.5b

Trades in and supplies jet fuel to civil aviation industry worldwide.

SBM Offshore

Market Cap: €5.5b

Provides floating production solutions to the offshore energy industry worldwide.

Saturn Oil & Gas

Market Cap: CA$918.6m

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

Exxaro Resources

Market Cap: €46.7b

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

Calfrac Well Services

Market Cap: CA$673.3m

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

Expand Energy

Market Cap: US$21.5b

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

Cenovus Energy

Market Cap: US$72.6b

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

ACT Energy Technologies

Market Cap: CA$236.4m

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

Ventura Offshore Holding

Market Cap: NOK 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.

Trican Well Service

Market Cap: CA$1.3b

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.

d'Amico International Shipping

Market Cap: €830.1m

Through its subsidiaries, operates as a marine transportation company worldwide.

Flowco Holdings

Market Cap: US$2.0b

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

SBM Offshore

Market Cap: €5.4b

Provides floating production solutions to the offshore energy industry worldwide.

DNO

Market Cap: €16.3b

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

China Aviation Oil (Singapore)

Market Cap: €1.5b

Trades in and supplies jet fuel to civil aviation industry worldwide.

DNO

Market Cap: NOK 16.3b

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

Vallourec

Market Cap: €4.3b

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

Calfrac Well Services

Market Cap: US$673.3m

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

SM Energy

Market Cap: US$6.9b

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

Parex Resources

Market Cap: US$2.3b

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

d'Amico International Shipping

Market Cap: €830.1m

Through its subsidiaries, operates as a marine transportation company worldwide.

China Oilfield Services

Market Cap: HK$54.4b

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

Dana Gas PJSC

Market Cap: د.إ6.0b

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.

China Coal Energy

Market Cap: HK$195.1b

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

EQT

Market Cap: €32.3b

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

SLB

Market Cap: US$76.5b

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

Precision Drilling

Market Cap: US$1.3b

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.

SM Energy

Market Cap: €6.9b

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

Sea1 Offshore

Market Cap: NOK 4.2b

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

Odfjell Drilling

Market Cap: NOK 21.3b

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

Bonterra Energy

Market Cap: CA$203.1m

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

Suncor Energy

Market Cap: €98.1b

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

W&T Offshore

Market Cap: €517.7m

An independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of America.

EQT

Market Cap: €32.3b

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

Riley Exploration Permian

Market Cap: US$758.1m

An independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in Texas and New Mexico.

Parex Resources

Market Cap: CA$2.3b

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