U.S. Energy Potentially Undervalued Companies

Whitecap Resources

Market Cap: US$5.0b

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

TotalEnergies

Market Cap: US$118.1b

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.

DorianG

Market Cap: US$981.5m

Engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide.

Riley Exploration Permian

Market Cap: US$620.6m

An independent oil and natural gas company, focuses on the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in Texas and New Mexico.

Frontline

Market Cap: US$3.9b

A shipping company, engages in the ownership and operation of oil and product tankers worldwide.

BWG

Market Cap: US$17.7b

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

Weatherford International

Market Cap: US$3.5b

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

NuVista Energy

Market Cap: US$2.7b

Engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin.

Okeanis Eco Tankers

Market Cap: US$8.1b

A shipping company, owns and operates tanker vessels worldwide.

VAALCO Energy

Market Cap: US$366.5m

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, and Canada.

Halliburton

Market Cap: US$18.3b

Provides products and services to the energy industry worldwide.

Ardmore Shipping

Market Cap: US$398.1m

Engages in the seaborne transportation of petroleum products and chemicals worldwide.

Diamondback Energy

Market Cap: US$41.8b

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.

Peabody Energy

Market Cap: US$1.8b

Engages in coal mining business.

Permian Resources

Market Cap: US$10.9b

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.

Patterson-UTI Energy

Market Cap: US$2.4b

Through its subsidiaries, provides drilling and completion services to oil and natural gas exploration and production companies in the United States and internationally.

Trican Well Service

Market Cap: US$766.2m

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.

Athabasca Oil

Market Cap: US$2.4b

Engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada.

Navigator Holdings

Market Cap: US$944.0m

Owns and operates a fleet of liquefied gas carriers worldwide.

CES Energy Solutions

Market Cap: US$1.4b

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

Thungela Resources

Market Cap: US$11.3b

Engages in the mining and production of thermal coal in South Africa and Australia.

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.

PetroTal

Market Cap: US$540.0m

Engages in the exploration, appraisal and development of oil and natural gas in Peru, South America.

Galp Energia SGPS

Market Cap: US$10.0b

Operates as an integrated energy operator in Portugal and internationally.

PetroChina

Market Cap: US$1.6t

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

Infinity Natural Resources

Market Cap: US$1.1b

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.

Hafnia

Market Cap: US$26.7b

Owns and operates oil product tankers in Bermuda.

Cenovus Energy

Market Cap: US$34.8b

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

Murphy Oil

Market Cap: US$3.3b

Operates as an oil and gas exploration and production company in the United States, Canada, and internationally.

BP

Market Cap: US$59.8b

An integrated energy company, provides carbon products and services.

SM Energy

Market Cap: US$2.8b

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

TotalEnergies

Market Cap: US$118.1b

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.

Harbour Energy

Market Cap: US$3.0b

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.

Aker BP

Market Cap: US$151.4b

Explores for, develops, and produces oil and gas on the Norwegian Continental Shelf.

Ring Energy

Market Cap: US$180.5m

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

Cool

Market Cap: US$3.7b

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