U.S. Energy Potentially Undervalued Companies

XXL Energy

Market Cap: US$1.5m

A petroleum and natural gas company, acquires, explores, and develops petroleum and natural gas properties in the United States.

Lake Area Corn Processors

Market Cap: US$162.9m

Through its subsidiary, Dakota Ethanol, L.L.C., owns and manages an ethanol plant in South Dakota.

Kistos Holdings

Market Cap: US$135.9m

Focuses on development and production of gas and other hydrocarbon reserves in the United Kingdom, Norway, and the Netherlands.

EQT

Market Cap: US$32.0b

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

Central Petroleum

Market Cap: US$39.5m

Engages in the development, production, processing, and marketing of hydrocarbons in Australia.

Highwater Ethanol

Market Cap: US$74.9m

Produces and sells fuel ethanol and co-products of the fuel ethanol production process through third-party professional marketers in the continental United States.

SBO

Market Cap: US$445.2m

Manufactures and sells steel products worldwide.

Matachewan Consolidated Mines

Market Cap: US$4.0m

Invests in mineral properties in Canada.

National Atomic Company Kazatomprom JSC

Market Cap: US$6.3t

Explores for, produces, processes, markets, and sells uranium and uranium related products.

Inpex

Market Cap: US$2.9t

Engages in the research, exploration, development, production, and sale of oil, natural gas, and other mineral resources in Japan and internationally.

McChip Resources

Market Cap: US$9.0m

Operates in the natural resource industry in Canada.

CES Energy Solutions

Market Cap: US$1.8b

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

Cosan

Market Cap: US$10.4b

Engages in the fuel distribution business.

LNG Energy Group

Market Cap: US$3.2m

Focuses on the acquisition and development of natural gas production and exploration assets in Latin America.

Magnolia Oil & Gas

Market Cap: US$4.7b

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

Diversified Energy

Market Cap: US$932.1m

Operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States.

YPF Sociedad Anónima

Market Cap: US$16.2t

An energy company, engages in the oil and gas upstream and downstream activities in Argentina.

Cross Timbers Royalty Trust

Market Cap: US$52.1m

Operates as an express trust in the United States.

Oceaneering International

Market Cap: US$2.4b

Provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries in the United States.

MV Oil Trust

Market Cap: US$67.5m

Acquires and holds term net profits interests in the oil and natural gas properties of MV Partners, LLC.

China Coal Energy

Market Cap: US$152.4b

China Coal Energy Company Limited mines, produces, processes, trades in, and sells coal in the People’s Republic of China and internationally.

Medco Energi Internasional

Market Cap: US$29.5t

Explores for and produces oil and gas in Indonesia, Asia, Africa, the Middle East, the United States of America, and Europe.

Japan Petroleum Exploration

Market Cap: US$312.0b

Explores, develops, produces, and sells oil, natural gas, and other energy resources in Japan, Europe, North America, and the Middle East.

Solstad Maritime

Market Cap: US$11.6b

Owns and operates offshore service vessels (OSVs) that provides maritime services to the offshore energy industry in North Sea, North and Central America, Mediterranean and rest of the Europe, Africa, South America, Australia, and Asia.

China Shenhua Energy

Market Cap: US$799.9b

Engages in the production and sale of coal and power; railway, port, and shipping transportation; and coal-to-olefins businesses in the People’s Republic of China and internationally.

Técnicas Reunidas

Market Cap: US$1.7b

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

Harbour Energy

Market Cap: US$3.8b

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.

Tenaris

Market Cap: US$16.2b

Manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Calfrac Well Services

Market Cap: US$288.6m

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

Delek US Holdings

Market Cap: US$1.6b

Engages in the integrated downstream energy business in the United States.

Cardinal Energy

Market Cap: US$1.2b

Engages in the acquisition, exploration, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan in Canada.

Pembina Pipeline

Market Cap: US$30.2b

Provides energy transportation and midstream services.

PrairieSky Royalty

Market Cap: US$5.7b

PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Canada.

Whitecap Resources

Market Cap: US$12.7b

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

Advantage Energy

Market Cap: US$1.8b

Engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada.

Venture Global

Market Cap: US$31.6b

Engages in the development, construction, and production of natural gas liquefaction and export projects near the U.S.