Global Energy Potentially Undervalued Companies

China Aviation Oil (Singapore)

Market Cap: S$1.2b

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

d'Amico International Shipping

Market Cap: €851.5m

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

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.

Flowco Holdings

Market Cap: US$1.9b

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.

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.

SBM Offshore

Market Cap: €5.7b

Provides floating production solutions to the offshore energy industry worldwide.

PHX Energy Services

Market Cap: €567.4m

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, the Middle East regions, and internationally.

Antero Resources

Market Cap: US$11.7b

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.

ACT Energy Technologies

Market Cap: CA$270.4m

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

Expand Energy

Market Cap: US$21.9b

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

SBM Offshore

Market Cap: €5.7b

Provides floating production solutions to the offshore energy industry worldwide.

Calfrac Well Services

Market Cap: CA$695.5m

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

d'Amico International Shipping

Market Cap: €851.5m

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

Infinity Natural Resources

Market Cap: US$917.7m

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

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.

Exxaro Resources

Market Cap: €43.4b

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

Calfrac Well Services

Market Cap: US$701.6m

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

Amplitude Energy

Market Cap: AU$500.8m

Engages in exploration, development, and production of natural gas and low-cost oil in Australia.

China Oilfield Services

Market Cap: HK$55.7b

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

Dana Gas PJSC

Market Cap: د.إ5.9b

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 2.3b

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.

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.

EQT

Market Cap: €33.8b

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

Jadestone Energy

Market Cap: UK£174.4m

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

EQT

Market Cap: €33.8b

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

Tidewater Midstream and Infrastructure

Market Cap: US$446.2m

Tidewater Midstream and Infrastructure Ltd.

Archer

Market Cap: NOK 2.4b

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

Riley Exploration Permian

Market Cap: US$827.7m

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.

Tenaz Energy

Market Cap: CA$2.0b

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

Expand Energy

Market Cap: €21.9b

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

Odfjell Drilling

Market Cap: NOK 22.2b

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

d'Amico International Shipping

Market Cap: €851.5m

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

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.

Sea1 Offshore

Market Cap: NOK 4.2b

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

PetroVietnam Technical Services

Market Cap: ₫20.2t

Engages in the technical services for the oil and gas, energy, and industrial sectors in Vietnam.

InPlay Oil

Market Cap: €463.4m

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