U.S. Energy Potentially Undervalued Companies

Infinity Natural Resources

Market Cap: US$861.4m

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.

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$18.2b

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.

DHT Holdings

Market Cap: US$1.8b

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

ProFrac Holding

Market Cap: US$721.5m

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

Headwater Exploration

Market Cap: US$1.6b

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

Precision Drilling

Market Cap: US$1.0b

A drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in the United States, Canada, and internationally.

Scorpio Tankers

Market Cap: US$2.4b

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

Okeanis Eco Tankers

Market Cap: US$8.7b

A shipping company, owns and operates tanker vessels worldwide.

Bonterra Energy

Market Cap: US$126.6m

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

Journey Energy

Market Cap: US$194.6m

Engages in the exploration, development, and production of crude oil and natural gas in the province of Alberta, Canada.

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.

Canadian Natural Resources

Market Cap: US$88.1b

Engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa.

Valeura Energy

Market Cap: US$861.5m

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

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.

PHX Energy Services

Market Cap: US$345.6m

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, Albania, the Middle East regions, and internationally.

Diamondback Energy

Market Cap: US$42.6b

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.

National Energy Services Reunited

Market Cap: US$870.8m

Provides oilfield services in the Middle East and North Africa region.

Matador Resources

Market Cap: US$6.2b

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

Enerflex

Market Cap: US$1.7b

Offers energy infrastructure and energy transition solutions in North America, Latin America, and the Eastern Hemisphere.

ARC Resources

Market Cap: US$15.2b

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

Mach Natural Resources

Market Cap: US$1.7b

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.

SM Energy

Market Cap: US$3.2b

An independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas.

Helmerich & Payne

Market Cap: US$1.9b

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

Innovex International

Market Cap: US$1.1b

Designs, manufactures, sells, and rents mission critical engineered products to the oil and natural gas industry worldwide.

Ring Energy

Market Cap: US$218.9m

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

Hafnia

Market Cap: US$29.7b

Owns and operates oil product tankers in Bermuda.

Cool

Market Cap: US$4.2b

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

BP

Market Cap: US$66.4b

An integrated energy company, provides carbon products and services.

Vital Energy

Market Cap: US$653.5m

An independent energy company, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas, United States.

Range Resources

Market Cap: US$8.1b

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

Peyto Exploration & Development

Market Cap: US$3.8b

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

Woodside Energy Group

Market Cap: US$51.4b

Engages in the exploration, evaluation, development, production, marketing, and sale of hydrocarbons in the Asia Pacific, Africa, the Americas, and the Europe.

Ultrapar Participações

Market Cap: US$19.7b

Through its subsidiaries, operates in the energy and infrastructure business in Brazil.

TotalEnergies

Market Cap: US$116.3b

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.

Parex Resources

Market Cap: US$1.7b

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