U.S. Energy Potentially Undervalued Companies

MEG Energy

Market Cap: US$7.2b

An energy company, focuses on in situ thermal oil production in its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada.

Kodiak Gas Services

Market Cap: US$3.0b

Operates contract compression infrastructure for customers in the oil and gas industry in the United States.

Técnicas Reunidas

Market Cap: US$1.7b

An engineering and construction company, designs and manages industrial plant projects worldwide.

Inner Mongolia Yitai CoalLtd

Market Cap: US$5.1b

Engages in the mining, production, transportation, and sale of coal in the People’s Republic of China.

Calima Energy

Market Cap: US$5.7m

A production-focused energy company, explores for and develops oil and natural gas assets in the Western Canadian Sedimentary Basin.

Jersey Oil and Gas

Market Cap: US$36.4m

Engages in the exploration, appraisal, development, and production of oil and gas properties in the North Sea of the United Kingdom.

Eni

Market Cap: US$46.2b

Operates as an integrated energy company in Italy, Other European Union, Rest of Europe, the United States, Asia, Africa, and internationally.

Crescent Energy

Market Cap: US$2.3b

An energy company, engages in the exploration and production of crude oil, natural gas, and natural gas liquids in the United States.

Koil Energy Solutions

Market Cap: US$20.8m

An energy services company, provides equipment and support services to the energy and offshore industries.

ENEOS Holdings

Market Cap: US$2.3t

Through its subsidiaries, operates in the energy, oil and natural gas exploration and production, and metals businesses in Japan, China, Asia, and internationally.

Aura Energy

Market Cap: US$155.2m

Engages in the exploration and evaluation of mineral properties in Mauritania and Sweden.

Targa Resources

Market Cap: US$35.5b

Together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America.

U.S. Energy

Market Cap: US$40.1m

An independent energy company, focuses on the acquisition, exploration, and development of industrial gas, and oil and natural gas properties in the continental United States.

Clean Energy Fuels

Market Cap: US$578.9m

Offers natural gas as alternative fuels for vehicle fleets and related fueling solutions in the United States and Canada.

ROK Resources

Market Cap: US$43.9m

Operates as an independent oil and gas company in Canada.

DMC Global

Market Cap: US$134.8m

Provides various products and engineered solutions for the construction, energy, industrial processing, and transportation markets worldwide.

John Wood Group

Market Cap: US$126.8m

Engages in the provision of consulting, project management, and engineering solutions to energy and built environment worldwide.

North American Construction Group

Market Cap: US$542.1m

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

DNO

Market Cap: US$14.8b

Engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa.

Orlen

Market Cap: US$93.4b

Operates in refining, petrochemical, energy, retail, gas, and upstream business.

Thai Oil

Market Cap: US$70.9b

Engages in the oil refining and distributions, petrochemicals, lube base oil, and other businesses in Thailand and internationally.

Thai Oil

Market Cap: US$70.9b

Engages in the oil refining and distributions, petrochemicals, lube base oil, and other businesses in Thailand and internationally.

Strike Energy

Market Cap: US$395.7m

An independent gas producer, explores for and develops oil and gas resources in Australia.

Delek Group

Market Cap: US$13.7b

An energy company, engages in the exploration, development, production, and marketing of oil and gas in Israel and internationally.

MODEC

Market Cap: US$518.0b

A general contractor, engages in the engineering, procurement, construction, and installation of floating production systems for the offshore oil and gas production industries in Brazil, Guyana, Senegal, Ghana, Ivory Coast, Mexico, and internationally.

Gaztransport & Technigaz

Market Cap: US$5.8b

A technology and engineering company, provides cryogenic membrane containment systems for the maritime transportation and storage of liquefied gases in South Korea, China, and internationally.

Etablissements Maurel & Prom

Market Cap: US$1.0b

Engages in exploration and production of oil and gas, and hydrocarbons in Gabon, Tanzania, Angola, Colombia, Venezuela, Italy, Nigeria, and France.

Jutal Offshore Oil Services

Market Cap: US$1.3b

An investment holding company, engages in the fabrication of facilities and provision of integrated services for oil and gas, new energy, and refining and chemical industries.

Neste Oyj

Market Cap: US$12.3b

Provides renewable diesel and sustainable aviation fuel in Finland, other Nordic countries, Baltic Rim, other European countries, the United States, and internationally.

Topaz Energy

Market Cap: US$3.9b

Operates as a royalty and infrastructure energy company in Canada.

Meren Energy

Market Cap: US$1.2b

Operates as an oil and gas exploration and production company in Nigeria, Namibia, South Africa, and Equatorial Guinea.

Panoro Energy

Market Cap: US$2.8b

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

Eni

Market Cap: US$46.2b

Operates as an integrated energy company in Italy, Other European Union, Rest of Europe, the United States, Asia, Africa, and internationally.

Tidewater

Market Cap: US$3.0b

Provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of offshore marine service vessels worldwide.

Parkland

Market Cap: US$6.8b

Operates food and convenience stores in Canada, the United States, and internationally.

Santos

Market Cap: US$26.1b

Explores, develops, produces, transports, and markets hydrocarbons in Australia and Papua New Guinea.