U.S. Energy Potentially Undervalued Companies

Parex Resources

Market Cap: US$2.4b

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$2.0b

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.

TotalEnergies

Market Cap: US$156.5b

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.

Calfrac Well Services

Market Cap: US$655.7m

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

Range Resources

Market Cap: US$8.6b

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

EOG Resources

Market Cap: US$71.0b

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$20.9b

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

Baker Hughes

Market Cap: US$59.6b

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

Scorpio Tankers

Market Cap: US$3.6b

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

Vermilion Energy

Market Cap: US$2.2b

Engages in petroleum and natural gas, focuses on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia.

Precision Drilling

Market Cap: US$1.6b

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$7.1b

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

SLB

Market Cap: US$75.2b

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

InPlay Oil

Market Cap: US$427.1m

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

Ensign Energy Services

Market Cap: US$656.5m

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

Tenaz Energy

Market Cap: US$1.7b

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

Bonterra Energy

Market Cap: US$229.4m

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

BWG

Market Cap: US$27.0b

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

Northern Oil and Gas

Market Cap: US$2.0b

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

Weatherford International

Market Cap: US$6.6b

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$30.3b

Provides products and services to the energy industry worldwide.

APA

Market Cap: US$12.0b

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

Canadian Natural Resources

Market Cap: US$124.3b

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.

PHX Energy Services

Market Cap: US$487.4m

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, the Middle East regions, and internationally.

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.

Crescent Energy

Market Cap: US$3.6b

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

North American Construction Group

Market Cap: US$512.8m

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

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.

Bristow Group

Market Cap: US$1.3b

Provides vertical flight solutions to offshore energy companies and government agencies in the United Kingdom, Norway, the United States, Nigeria, and internationally.

California Resources

Market Cap: US$4.9b

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

Trican Well Service

Market Cap: US$1.5b

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.

Par Pacific Holdings

Market Cap: US$2.5b

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

Shell

Market Cap: US$165.1b

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

Matador Resources

Market Cap: US$6.3b

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

EQT

Market Cap: US$32.0b

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