U.S. Energy Potentially Undervalued Companies

Helmerich & Payne

Market Cap: US$3.4b

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

Calfrac Well Services

Market Cap: US$625.8m

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

Expand Energy

Market Cap: US$21.5b

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

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.

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.

Parex Resources

Market Cap: US$2.3b

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

Venture Global

Market Cap: US$31.9b

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.

Range Resources

Market Cap: US$9.3b

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

SLB

Market Cap: US$75.4b

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$7.7b

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

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.

APA

Market Cap: US$12.7b

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

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.

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.

Peabody Energy

Market Cap: US$2.7b

Engages in the production of metallurgical and thermal coal.

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.

Teekay Tankers

Market Cap: US$2.7b

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

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.

California Resources

Market Cap: US$4.7b

Operates as an independent energy and carbon management company 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.

EQT

Market Cap: US$33.0b

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

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.

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.

Harbour Energy

Market Cap: US$4.3b

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.

PetroTal

Market Cap: US$418.7m

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

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.

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.

PetroChina

Market Cap: US$2.2t

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

Infinity Natural Resources

Market Cap: US$815.7m

Engages in the acquisition, exploration, and development of properties to produce crude oil, natural gas, and natural gas liquids in the United States.