Global Energy Undervalued based on future growth

Oil and Natural Gas

Market Cap: ₹3.0t

Engages in the exploration, development, production, and distribution of crude oil, natural gas, and value-added products in India and internationally.

YPF Sociedad Anónima

Market Cap: AR$15.7t

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

Ovintiv

Market Cap: US$10.5b

Explores, develops, produces, and markets natural gas, oil, and natural gas liquids in North America.

Türkiye Petrol Rafinerileri

Market Cap: ₺364.2b

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

Hess Midstream

Market Cap: US$8.2b

Owns, operates, develops, and acquires midstream assets and provide fee-based services to Hess and third-party customers in the United States.

HD Hyundai

Market Cap: ₩11.3t

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

APA

Market Cap: US$8.2b

An independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids.

COSCO SHIPPING Energy Transportation

Market Cap: HK$58.5b

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

China Oilfield Services

Market Cap: HK$57.0b

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

Chord Energy

Market Cap: US$5.8b

Operates as an independent exploration and production company in the United States.

Saipem

Market Cap: €4.6b

Provides energy and infrastructure solutions worldwide.

Frontline

Market Cap: US$5.3b

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

Parkland

Market Cap: CA$6.7b

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

Vallourec

Market Cap: €3.7b

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.

SBM Offshore

Market Cap: €3.7b

Provides floating production solutions to the offshore energy industry worldwide.

CNX Resources

Market Cap: US$4.3b

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

Murphy Oil

Market Cap: US$3.7b

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

Vista Energy. de

Market Cap: Mex$67.8b

Through its subsidiaries, engages in the exploration and production of oil and gas in Latin America.

Valaris

Market Cap: US$3.7b

Provides offshore contract drilling services in Brazil, the United Kingdom, U.S.

China Suntien Green Energy

Market Cap: HK$28.3b

Develops and utilizes clean energy in Mainland China.

Offshore Oil EngineeringLtd

Market Cap: CN¥23.5b

Engages in the design, procurement, construction, offshore installation, commissioning and maintenance of offshore oil and gas development projects in China and internationally.

Alamtri Resources Indonesia

Market Cap: Rp48.1t

Engages in the coal and mining business in Indonesia.

Cmb.Tech

Market Cap: €2.3b

Engages in marine transportation business in Belgium.

Excelerate Energy

Market Cap: US$2.7b

Provides liquefied natural gas (LNG) solutions worldwide.

Peabody Energy

Market Cap: US$2.4b

Engages in coal mining business.

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.

Energean

Market Cap: UK£1.6b

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

Seadrill

Market Cap: US$2.1b

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

DHT Holdings

Market Cap: US$2.1b

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

Medco Energi Internasional

Market Cap: Rp32.1t

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

United Energy Group

Market Cap: HK$14.0b

An investment holding company, engages in the investment and operation of upstream oil, natural gas, clean energy, and energy trading businesses in Pakistan, South Asia, the Middle East, and North Africa.

Brava Energia

Market Cap: R$8.7b

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

Mach Natural Resources

Market Cap: US$1.6b

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.

SK Gas

Market Cap: ₩2.2t

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

Flowco Holdings

Market Cap: US$1.5b

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

TGS

Market Cap: NOK 14.3b

Provides geoscience data services to the oil and gas industry in Norway and internationally.