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.

Calfrac Well Services

Market Cap: US$634.9m

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

Antero Resources

Market Cap: US$11.2b

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.

Flowco Holdings

Market Cap: US$1.8b

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.

Expand Energy

Market Cap: US$21.9b

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

Precision Drilling

Market Cap: US$1.4b

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$73.2b

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

Weatherford International

Market Cap: US$6.3b

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

Bonterra Energy

Market Cap: US$207.8m

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

Ensign Energy Services

Market Cap: US$643.6m

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

Halliburton

Market Cap: US$26.6b

Provides products and services to the energy industry worldwide.

Northern Oil and Gas

Market Cap: US$2.2b

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

BKV

Market Cap: US$2.7b

Produces and sells natural gas in the Barnett Shale in the Fort Worth Basin of Texas and in the Marcellus Shale in the Appalachian Basin of Northeast Pennsylvania.

Whitehaven Coal

Market Cap: US$5.8b

Develops and operates coal mines in Queensland and New South Wales.

Pason Systems

Market Cap: US$962.7m

Provides instrumentation and data management systems for oil and gas drilling in Canada, the United States, and internationally.

North American Construction Group

Market Cap: US$517.4m

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

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.

Talos Energy

Market Cap: US$2.5b

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

Peabody Energy

Market Cap: US$2.7b

Engages in the production of metallurgical and thermal coal.

Matador Resources

Market Cap: US$6.1b

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

California Resources

Market Cap: US$4.6b

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

Bristow Group

Market Cap: US$1.4b

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$33.5b

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

CES Energy Solutions

Market Cap: US$3.4b

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

Harbour Energy

Market Cap: US$4.4b

Engages in the acquisition, exploration, development, and production of oil and gas reserves in Norway, the United Kingdom, Germany, Mexico, Argentina, North Africa, and Southeast Asia.

Delek US Holdings

Market Cap: US$4.0b

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

Helmerich & Payne

Market Cap: US$3.4b

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

Ring Energy

Market Cap: US$319.9m

An independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties.

Range Resources

Market Cap: US$9.4b

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

Cenovus Energy

Market Cap: US$78.0b

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

PetroChina

Market Cap: US$2.3t

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

TotalEnergies

Market Cap: US$169.9b

An integrated energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, the United States, Europe, Brazil, India, and internationally.

World Kinect

Market Cap: US$2.0b

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

HighPeak Energy

Market Cap: US$888.3m

Operates as an independent crude oil and natural gas exploration and production company.

Vallourec

Market Cap: US$4.3b

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.

Harbour Energy

Market Cap: US$4.4b

Engages in the acquisition, exploration, development, and production of oil and gas reserves in Norway, the United Kingdom, Germany, Mexico, Argentina, North Africa, and Southeast Asia.