U.S. Energy Potentially Undervalued Companies

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.

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.

enCore Energy

Market Cap: US$591.2m

Engages in the acquisition, exploration, development, and extraction of uranium resource properties in the United States.

Excelerate Energy

Market Cap: US$2.8b

Provides liquefied natural gas (LNG) solutions worldwide.

ProPetro Holding

Market Cap: US$509.4m

Operates as an integrated oilfield services company.

Isramco Negev 2 Limited Partnership

Market Cap: US$5.8b

Engages in the exploration, development, and production of oil, natural gas, and condensate in Israel, Jordan, and Egypt.

CGN Mining

Market Cap: US$20.4b

Engages in the development and trading of natural uranium resources to nuclear power plants.

ADX Energy

Market Cap: US$16.9m

Engages in the exploration, appraisal, and production of oil and gas properties.

Geo Energy Resources

Market Cap: US$537.9m

An investment holding company, engages in the mining, production, and trading of coal.

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.

Energean

Market Cap: US$1.8b

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

CNX Resources

Market Cap: US$4.1b

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

Marathon Petroleum

Market Cap: US$54.1b

Operates as an integrated downstream energy company in the United States.

SFL

Market Cap: US$1.1b

A maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters.

Seadrill

Market Cap: US$2.0b

Provides offshore drilling services to the oil and gas industry worldwide.

Kolibri Global Energy

Market Cap: US$269.6m

Engages in the exploration and exploitation of oil, gas, and clean and sustainable energy reserves in the United States.

FutureFuel

Market Cap: US$172.6m

Manufactures and sells diversified chemical, bio-based fuel, and bio-based specialty chemical products in the United States.

Tidewater Midstream and Infrastructure

Market Cap: US$99.3m

Tidewater Midstream and Infrastructure Ltd.

EON Resources

Market Cap: US$13.0m

An independent oil and natural gas company, focuses on the acquisition, development, exploration, and production of oil and natural gas properties in the Permian Basin.

Yellow Cake

Market Cap: US$1.1b

Operates in the uranium sector.

Aemetis

Market Cap: US$163.2m

Operates as a renewable natural gas and renewable fuels company.

Granite Ridge Resources

Market Cap: US$723.2m

Operates as a non-operated oil and natural gas exploration and production company.

Exxaro Resources

Market Cap: US$45.9b

Engages in coal, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Asia, and internationally.

Técnicas Reunidas

Market Cap: US$1.7b

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

Nine Energy Service

Market Cap: US$27.4m

Operates as an onshore completion services provider that targets unconventional oil and gas resource development in North American basins and internationally.

South Bow

Market Cap: US$7.8b

Operates as an energy infrastructure company.

OMV

Market Cap: US$15.4b

Operates as an oil, gas, and chemicals company in Austria, Belgium, Germany, New Zealand, Norway, Romania, the United Arab Emirates, the rest of Central and Eastern Europe, the rest of Europe, and internationally.

Core Laboratories

Market Cap: US$522.4m

Provides reservoir description and production enhancement services and products to the oil and gas industry in the United States, and internationally.

Cheniere Energy

Market Cap: US$53.1b

An energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States.

Borr Drilling

Market Cap: US$838.6m

Operates as an offshore shallow-water drilling contractor to the oil and gas industry in the United States, the Middle East, South East Asia, Europe, Latin America, and West Africa.

Kodiak Gas Services

Market Cap: US$3.0b

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

SECURE Waste Infrastructure

Market Cap: US$3.6b

Engages in the waste management and energy infrastructure businesses primarily in Canada and the United States.

Archrock

Market Cap: US$4.3b

Operates as an energy infrastructure company in the United States.

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.

TXO Partners

Market Cap: US$772.5m

An oil and natural gas company, focuses on the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America.

Nabors Industries

Market Cap: US$527.5m

Provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally.