U.S. Energy Potentially Undervalued Companies

Whitecap Resources

Market Cap: US$4.5b

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

ProPetro Holding

Market Cap: US$512.7m

Operates as an integrated oilfield services company.

TotalEnergies

Market Cap: US$108.3b

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.

Cenovus Energy

Market Cap: US$28.8b

Develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China.

EOG Resources

Market Cap: US$60.1b

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.

Aker BP

Market Cap: US$135.0b

Explores for, develops, and produces oil and gas on the Norwegian Continental Shelf.

DorianG

Market Cap: US$879.2m

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

China Petroleum & Chemical

Market Cap: US$666.3b

An energy and chemical company, engages in the oil and gas and chemical operations in Mainland China.

Headwater Exploration

Market Cap: US$1.3b

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

Marathon Petroleum

Market Cap: US$38.5b

Operates as an integrated downstream energy company in the United States.

Vermilion Energy

Market Cap: US$1.3b

An oil and gas producer, focuses on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia.

TETRA Technologies

Market Cap: US$304.5m

Operates as an energy services and solutions company.

Frontline

Market Cap: US$3.5b

A shipping company, engages in the ownership and operation of oil and product tankers worldwide.

ProFrac Holding

Market Cap: US$759.2m

Operates as a technology-focused energy services holding company in the United States.

Riley Exploration Permian

Market Cap: US$516.6m

An independent oil and natural gas company, focuses on the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in Texas and New Mexico.

SECURE Waste Infrastructure

Market Cap: US$2.9b

Engages in the waste management and energy infrastructure businesses primarily in Canada and the United States.

BWG

Market Cap: US$14.4b

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

Weatherford International

Market Cap: US$3.1b

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

NuVista Energy

Market Cap: US$2.3b

Engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin.

Ovintiv

Market Cap: US$8.5b

Explores, develops, produces, and markets natural gas, oil, and natural gas liquids in North America.

Halliburton

Market Cap: US$18.3b

Provides products and services to the energy industry worldwide.

VAALCO Energy

Market Cap: US$330.9m

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, and Canada.

Okeanis Eco Tankers

Market Cap: US$6.9b

A shipping company, owns and operates tanker vessels worldwide.

Permian Resources

Market Cap: US$8.4b

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$2.2b

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

Valeura Energy

Market Cap: US$723.4m

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

Teekay Tankers

Market Cap: US$1.4b

Provides marine transportation services to oil industries in Bermuda and internationally.

Suncor Energy

Market Cap: US$57.5b

Operates as an integrated energy company in Canada, the United States, and internationally.

Diamondback Energy

Market Cap: US$37.3b

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.

Shell

Market Cap: US$139.5b

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

Navigator Holdings

Market Cap: US$865.8m

Engages in owning and operating a fleet of liquefied gas carriers worldwide.

Matador Resources

Market Cap: US$4.9b

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$760.8m

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.

BP

Market Cap: US$52.5b

An integrated energy company, provides carbon products and services.

Devon Energy

Market Cap: US$18.3b

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

Mach Natural Resources

Market Cap: US$1.6b

An independent upstream oil and gas company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquids reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas, and the panhandle of Texas.