Global Energy Potentially Undervalued Companies

Calfrac Well Services

Market Cap: US$700.5m

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

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.

Calfrac Well Services

Market Cap: CA$700.5m

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

SBM Offshore

Market Cap: €5.9b

Provides floating production solutions to the offshore energy industry worldwide.

China Aviation Oil (Singapore)

Market Cap: S$1.4b

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

Vallourec

Market Cap: €4.2b

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.

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.

Northern Oil and Gas

Market Cap: €2.6b

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

SBM Offshore

Market Cap: €5.9b

Provides floating production solutions to the offshore energy 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.

d'Amico International Shipping

Market Cap: €859.9m

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

China Aviation Oil (Singapore)

Market Cap: €1.4b

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

d'Amico International Shipping

Market Cap: €859.9m

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

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.

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.

Expand Energy

Market Cap: US$21.9b

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

Exxaro Resources

Market Cap: €43.4b

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

Chord Energy

Market Cap: US$7.5b

Operates as an independent exploration and production company in the United States.

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.

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.

Bonterra Energy

Market Cap: CA$205.6m

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

Sea1 Offshore

Market Cap: NOK 4.5b

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

China Oilfield Services

Market Cap: HK$53.5b

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

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$194.7b

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

EQT

Market Cap: €34.0b

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

Expand Energy

Market Cap: €21.9b

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

Tidewater Midstream and Infrastructure

Market Cap: US$489.0m

Tidewater Midstream and Infrastructure Ltd.

d'Amico International Shipping

Market Cap: €859.9m

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

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.

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: €34.0b

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

Jadestone Energy

Market Cap: UK£167.3m

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

Vallourec

Market Cap: €4.2b

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.

SBM Offshore

Market Cap: €5.9b

Provides floating production solutions to the offshore energy industry worldwide.

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.