U.S. Energy Potentially Undervalued Companies

EOG Resources

Market Cap: US$59.9b

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.

Flowco Holdings

Market Cap: US$1.5b

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

Coterra Energy

Market Cap: US$20.1b

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

World Kinect

Market Cap: US$1.4b

Operates as an energy management company in the United States, the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Infinity Natural Resources

Market Cap: US$817.0m

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

SLB

Market Cap: US$55.2b

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

ONEOK

Market Cap: US$44.4b

Operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States.

Tenaz Energy

Market Cap: US$745.6m

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

Cactus

Market Cap: US$3.3b

Designs, manufactures, sells, and rents engineered pressure control and spoolable pipe technologies in the United States, Australia, Canada, the Middle East, and internationally.

Cheniere Energy

Market Cap: US$46.3b

An energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States.

BWG

Market Cap: US$20.5b

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

Archrock

Market Cap: US$4.2b

Operates as an energy infrastructure company in the United States.

Permian Resources

Market Cap: US$11.3b

An independent oil and natural gas company, focuses on the development of crude oil and associated liquids-rich natural gas reserves in the United States.

Patterson-UTI Energy

Market Cap: US$2.3b

Through its subsidiaries, provides drilling and completion services to oil and natural gas exploration and production companies in the United States and internationally.

North American Construction Group

Market Cap: US$558.4m

Provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States.

PHX Energy Services

Market Cap: US$321.2m

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, Albania, the Middle East regions, and internationally.

Valeura Energy

Market Cap: US$756.5m

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

Diamondback Energy

Market Cap: US$42.7b

An independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.

Matador Resources

Market Cap: US$5.1b

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

Trican Well Service

Market Cap: US$1.2b

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.

California Resources

Market Cap: US$4.1b

Operates as an independent energy and carbon management company in the United States.

ARC Resources

Market Cap: US$14.2b

Engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada.

Magnolia Oil & Gas

Market Cap: US$4.3b

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

Vallourec

Market Cap: US$4.0b

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: US$122.0b

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.

PetroTal

Market Cap: US$388.0m

Engages in the acquisition, exploration, appraisal, development, and production of oil and natural gas properties in Peru.

Civitas Resources

Market Cap: US$2.4b

An exploration and production company, focuses on the acquisition, development, and production of crude oil and associated liquids-rich natural gas.

Calfrac Well Services

Market Cap: US$268.0m

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

Peyto Exploration & Development

Market Cap: US$4.4b

Engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Alberta’s deep basin.

Cool

Market Cap: US$5.2b

Acquires, owns, operates, and charters liquefied natural gas carriers (LNGCs).

Helmerich & Payne

Market Cap: US$2.8b

Provides drilling solutions and technologies for oil and gas exploration and production companies.

DorianG

Market Cap: US$1.1b

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

Venture Global

Market Cap: US$19.5b

Engages in the development, construction, and production of natural gas liquefaction and export projects near the U.S.

PetroChina

Market Cap: US$1.9t

Engages in a range of petroleum related products, services, and activities in Mainland China and internationally.

Parex Resources

Market Cap: US$1.8b

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

DHT Holdings

Market Cap: US$2.2b

Through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Norway, and India.