Global Energy Undervalued based on future growth

HD Hyundai

Market Cap: ₩13.0t

Through its subsidiaries, engages in oil refining business in Korea and internationally.

COSCO SHIPPING Energy Transportation

Market Cap: HK$66.7b

An investment holding company, engages in the transportation of oil and liquefied natural gas (LNG) in People’s Republic of China and internationally.

Türkiye Petrol Rafinerileri

Market Cap: ₺360.3b

Engages in the refining crude oil, petroleum, and chemical products in Turkey and internationally.

Range Resources

Market Cap: US$8.4b

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

China Oilfield Services

Market Cap: HK$59.2b

Provides integrated oilfield services in China, Indonesia, Mexico, Norway, the Middle East, and internationally.

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság

Market Cap: Ft1.9t

Operates as an integrated oil and gas company in Hungary and internationally.

CNOOC Energy Technology & Services

Market Cap: CN¥39.0b

Operates as an offshore and onshore oil and gas production company in China and internationally.

Frontline

Market Cap: US$4.9b

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

Oil and Gas Development

Market Cap: PK₨1.3t

Explores for, develops, produces, and sells oil and gas resources in Pakistan.

Noble

Market Cap: US$4.5b

Operates as an offshore drilling contractor for the oil and gas industry worldwide.

Vallourec

Market Cap: €3.8b

Through its subsidiaries, provides tubular solutions for the oil and gas, industry, and new energies markets in Europe, North America, South America, Asia, the Middle East, and internationally.

China Suntien Green Energy

Market Cap: HK$27.6b

Develops and utilizes clean energy in Mainland China.

Alamtri Resources Indonesia

Market Cap: Rp52.4t

Engages in the coal and mining business in Indonesia.

Cmb.Tech

Market Cap: €2.3b

Engages in marine transportation business in Belgium.

Civitas Resources

Market Cap: US$2.3b

An exploration and production company, focuses on the acquisition, development, and production of crude oil and associated liquids-rich natural gas.

Rattler Midstream

Market Cap: US$2.2b

Rattler Midstream LP owns, operates, develops, and acquires midstream and energy-related infrastructure assets in the Midland and Delaware Basins of the Permian Basin.

Seadrill

Market Cap: US$2.2b

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

Medco Energi Internasional

Market Cap: Rp35.8t

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

SM Energy

Market Cap: US$2.1b

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

Northern Oil and Gas

Market Cap: US$2.1b

An independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States.

DHT Holdings

Market Cap: US$2.0b

Through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Norway, and India.

Flowco Holdings

Market Cap: US$1.7b

Through its subsidiaries, provides production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry in the United States.

Dana Gas PJSC

Market Cap: د.إ6.0b

Engages in the exploration, production, ownership, transportation, processing, distribution, marketing, and sale of natural gas and petroleum related products in the United Arab Emirates, Iraq, and Egypt.

National Energy Services Reunited

Market Cap: US$1.6b

Provides oilfield services in the Middle East and North Africa region.

Zhongman Petroleum and Natural Gas GroupLtd

Market Cap: CN¥10.6b

An oil and gas company, engages in the drilling and completion engineering services, and petroleum equipment manufacturing businesses in China and internationally.

Birchcliff Energy

Market Cap: CA$2.0b

An intermediate oil and natural gas company, engages in the exploration, development, and production of natural gas, light oil, condensate, and other natural gas liquids in Western Canada.

Beijing Haohua Energy Resource

Market Cap: CN¥10.3b

Engages in the mining, washing, manufacturing, processing, export, and sale of coal in China.

Brava Energia

Market Cap: R$7.8b

Engages in the exploration and production of oil and natural gas in Brazil.

Advantage Energy

Market Cap: CA$2.0b

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

SK Gas

Market Cap: ₩2.0t

Supplies and distributes liquefied petroleum gas (LPG) in South Korea and internationally.

FLEX LNG

Market Cap: US$1.3b

Engages in the seaborne transportation of liquefied natural gas (LNG) worldwide.

Vermilion Energy

Market Cap: CA$1.8b

An oil and gas producer, focuses on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia.

BW Energy

Market Cap: NOK 12.5b

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

Naftna Industrija Srbije a.d

Market Cap: дин117.1b

An integrated oil company, engages in the exploration, development, and production of crude oil and gas in Serbia.

Rockpoint Gas Storage

Market Cap: CA$1.5b

Owns and operates natural gas storage infrastructure facilities in North America.

Longyan Zhuoyue New Energy

Market Cap: CN¥7.5b

A renewable company, engages in the producing and sale of biodiesel and bio-based materials from waste oil resources in China.