U.S. Energy Potentially Undervalued Companies

Helmerich & Payne

Market Cap: US$3.1b

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

TotalEnergies

Market Cap: US$148.7b

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.

Parex Resources

Market Cap: US$2.0b

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

Calfrac Well Services

Market Cap: US$618.6m

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

Flowco Holdings

Market Cap: US$1.9b

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.

EOG Resources

Market Cap: US$69.7b

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.

Expand Energy

Market Cap: US$21.7b

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

Baker Hughes

Market Cap: US$52.4b

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

Range Resources

Market Cap: US$8.9b

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

SLB

Market Cap: US$67.5b

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

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.

Chord Energy

Market Cap: US$6.4b

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

VAALCO Energy

Market Cap: US$541.5m

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, Equatorial Guinea, Nigeria, and Canada.

Northern Oil and Gas

Market Cap: US$1.9b

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

Bonterra Energy

Market Cap: US$199.8m

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

Halliburton

Market Cap: US$27.5b

Provides products and services to the energy industry worldwide.

Tenaz Energy

Market Cap: US$1.5b

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

APA

Market Cap: US$11.4b

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

Pason Systems

Market Cap: US$952.4m

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

InPlay Oil

Market Cap: US$401.3m

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

Ensign Energy Services

Market Cap: US$604.9m

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

Weatherford International

Market Cap: US$6.0b

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

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.

Canadian Natural Resources

Market Cap: US$117.9b

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.

North American Construction Group

Market Cap: US$502.2m

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

Peabody Energy

Market Cap: US$2.7b

Engages in the production of metallurgical and thermal coal.

Crescent Energy

Market Cap: US$3.1b

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

Gulfport Energy

Market Cap: US$3.0b

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

Teekay Tankers

Market Cap: US$2.3b

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

Shell

Market Cap: US$161.1b

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

Par Pacific Holdings

Market Cap: US$2.9b

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

Bristow Group

Market Cap: US$1.2b

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$32.9b

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

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.

California Resources

Market Cap: US$4.6b

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

CES Energy Solutions

Market Cap: US$3.5b

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