U.S. Energy Potentially Undervalued Companies

Parex Resources

Market Cap: US$2.3b

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

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$10.5b

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.

Range Resources

Market Cap: US$8.8b

Operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States.

Expand Energy

Market Cap: US$21.1b

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

Scorpio Tankers

Market Cap: US$3.6b

Engages in the seaborne transportation of crude oil and refined petroleum products worldwide.

Vermilion Energy

Market Cap: US$2.2b

Engages in petroleum and natural gas, focuses on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia.

Precision Drilling

Market Cap: US$1.6b

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.

SLB

Market Cap: US$79.3b

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

Chord Energy

Market Cap: US$7.2b

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

Northern Oil and Gas

Market Cap: US$2.1b

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

Weatherford International

Market Cap: US$7.0b

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

InPlay Oil

Market Cap: US$430.5m

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

Bonterra Energy

Market Cap: US$224.6m

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

SunocoCorp

Market Cap: US$3.3b

Engages in energy infrastructure and distribution of motor fuels in North America, the Greater Caribbean, and Europe.

APA

Market Cap: US$12.1b

An independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids.

Halliburton

Market Cap: US$31.1b

Provides products and services to the energy industry worldwide.

Ensign Energy Services

Market Cap: US$669.4m

Provides oilfield services to the oil and natural gas industries in Canada, the United States, and internationally.

Tenaz Energy

Market Cap: US$1.6b

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

PHX Energy Services

Market Cap: US$489.6m

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.

North American Construction Group

Market Cap: US$512.5m

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

Crescent Energy

Market Cap: US$3.6b

Engages in the exploration and production of crude oil, natural gas, and natural gas liquids in the United States.

Talos Energy

Market Cap: US$2.3b

Through its subsidiaries, engages in the exploration and production of oil and gas in the United States and Mexico.

Gulfport Energy

Market Cap: US$2.9b

Engages in the acquisition, exploration, and production of natural gas, crude oil, and natural gas liquids in the United States.

Matador Resources

Market Cap: US$6.4b

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

Par Pacific Holdings

Market Cap: US$2.6b

An energy company, provides renewable and conventional fuels in the United States.

Trican Well Service

Market Cap: US$1.4b

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$5.0b

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

Shell

Market Cap: US$169.2b

Operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States, and other parts of the Americas.

Bristow Group

Market Cap: US$1.3b

Provides vertical flight solutions to offshore energy companies and government agencies in the United Kingdom, Norway, the United States, Nigeria, and internationally.

EQT

Market Cap: US$32.1b

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

CES Energy Solutions

Market Cap: US$3.3b

Engages in the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada.

Diversified Energy

Market Cap: US$958.3m

An independent energy company, engages in the production, transportation and marketing of natural gas, oil, and liquids primarily in the Appalachian and Central regions of the United States.

PetroChina

Market Cap: US$2.0t

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

Hess Midstream

Market Cap: US$7.7b

Acquires, owns, operates, and develops midstream assets and provide fee-based services to sponsor, its subsidiaries, and third-party customers in the United States.

Delek US Holdings

Market Cap: US$2.7b

Engages in the integrated downstream energy business in the United States.