U.S. Energy Potentially Undervalued Companies

Calfrac Well Services

Market Cap: US$625.8m

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

Antero Resources

Market Cap: US$11.0b

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.

Helmerich & Payne

Market Cap: US$3.4b

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

Cenovus Energy

Market Cap: US$74.5b

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

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.

Range Resources

Market Cap: US$9.3b

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

Parex Resources

Market Cap: US$2.3b

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

Expand Energy

Market Cap: US$21.5b

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.

Chord Energy

Market Cap: US$7.7b

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

SLB

Market Cap: US$75.4b

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

Pason Systems

Market Cap: US$951.9m

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

Ensign Energy Services

Market Cap: US$639.9m

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

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$2.5b

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.

Weatherford International

Market Cap: US$6.4b

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$27.0b

Provides products and services to the energy industry worldwide.

APA

Market Cap: US$12.7b

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

Bonterra Energy

Market Cap: US$201.6m

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

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.

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.

Teekay Tankers

Market Cap: US$2.7b

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

Peabody Energy

Market Cap: US$2.7b

Engages in the production of metallurgical and thermal coal.

PHX Energy Services

Market Cap: US$499.7m

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.

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.

California Resources

Market Cap: US$4.7b

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

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.

EQT

Market Cap: US$33.0b

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

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.

Whitecap Resources

Market Cap: US$19.8b

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

PetroTal

Market Cap: US$418.7m

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

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.

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.

PetroChina

Market Cap: US$2.2t

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

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.

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.