U.S. Energy Potentially Undervalued Companies

Calfrac Well Services

Market Cap: US$625.6m

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

Helmerich & Payne

Market Cap: US$3.4b

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

Expand Energy

Market Cap: US$21.2b

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

Venture Global

Market Cap: US$31.8b

A liquefied natural gas (LNG) company, engages in the ownership, development, construction, and operation of LNG production facilities and associated infrastructure in the United States, Germany, France, Netherlands, the United Kingdom, and internationally.The company is involved in LNG production, natural gas transportation, and regasification operations, as well as LNG sales and shipping business through LNG tankers.

Baker Hughes

Market Cap: US$60.1b

Provides a portfolio of technologies and services to energy and industrial value chain.

Parex Resources

Market Cap: US$2.2b

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

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.

Flowco Holdings

Market Cap: US$1.7b

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.

Riley Exploration Permian

Market Cap: US$740.3m

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.

SLB

Market Cap: US$76.5b

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

Chord Energy

Market Cap: US$7.4b

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

Ensign Energy Services

Market Cap: US$663.9m

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

Bonterra Energy

Market Cap: US$202.3m

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

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.

Pason Systems

Market Cap: US$1.0b

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

Weatherford International

Market Cap: US$6.2b

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

Halliburton

Market Cap: US$26.8b

Provides products and services to the energy industry worldwide.

Talos Energy

Market Cap: US$2.4b

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

Gulfport Energy

Market Cap: US$2.8b

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

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.

Matador Resources

Market Cap: US$5.9b

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$4.5b

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

EQT

Market Cap: US$32.5b

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

Obsidian Energy

Market Cap: US$934.2m

Engages in the exploration, development, and production of oil and natural gas in Western Canada.

Vallourec

Market Cap: US$5.0b

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.

PetroTal

Market Cap: US$432.6m

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

PetroChina

Market Cap: US$2.3t

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

Advantage Energy

Market Cap: US$1.9b

Engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada.

Whitecap Resources

Market Cap: US$19.3b

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

Delek US Holdings

Market Cap: US$3.9b

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

Harbour Energy

Market Cap: US$4.2b

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.

TotalEnergies

Market Cap: US$164.0b

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.

Range Resources

Market Cap: US$8.9b

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

Ring Energy

Market Cap: US$297.0m

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