Global Energy Potentially Undervalued Companies

China Aviation Oil (Singapore)

Market Cap: S$1.3b

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

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.

Ventura Offshore Holding

Market Cap: NOK 3.1b

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.

d'Amico International Shipping

Market Cap: €860.5m

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

Antero Resources

Market Cap: US$11.5b

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.

China Aviation Oil (Singapore)

Market Cap: €1.3b

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

ACT Energy Technologies

Market Cap: CA$259.6m

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

Calfrac Well Services

Market Cap: CA$700.5m

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

Calfrac Well Services

Market Cap: US$700.5m

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

Flowco Holdings

Market Cap: US$2.1b

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.

Exxaro Resources

Market Cap: €43.7b

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

Vallourec

Market Cap: €4.1b

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.

Expand Energy

Market Cap: US$21.9b

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

Northern Oil and Gas

Market Cap: €2.7b

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

d'Amico International Shipping

Market Cap: €860.5m

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

China Oilfield Services

Market Cap: HK$54.2b

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

Sea1 Offshore

Market Cap: NOK 4.4b

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

Expand Energy

Market Cap: €21.9b

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

Precision Drilling

Market Cap: US$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.

Tenaz Energy

Market Cap: CA$1.8b

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

Bonterra Energy

Market Cap: CA$201.9m

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

Archer

Market Cap: NOK 2.5b

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

d'Amico International Shipping

Market Cap: €860.5m

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

Antero Resources

Market Cap: €11.5b

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.

EQT

Market Cap: €34.0b

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

Riley Exploration Permian

Market Cap: US$800.4m

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.

EQT

Market Cap: €34.0b

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

Jadestone Energy

Market Cap: UK£166.7m

Operates as an independent oil and gas development and production company in Australia, Malaysia, Indonesia, and Vietnam.

Odfjell Drilling

Market Cap: NOK 22.1b

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

China Coal Energy

Market Cap: HK$194.3b

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

China Coal Energy

Market Cap: HK$194.2b

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

VAALCO Energy

Market Cap: US$608.0m

An independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in Gabon, Egypt, Equatorial Guinea, Cote d'Ivoire, Equatorial Guinea, Nigeria, and Canada.

InPlay Oil

Market Cap: CA$457.3m

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

Expand Energy

Market Cap: €21.9b

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

Weatherford International

Market Cap: US$6.8b

An energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide.

Kistos Holdings

Market Cap: €232.7m

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