Global Energy Undervalued based on future growth

Oil and Natural Gas

Market Cap: ₹3.1t

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

Tourmaline Oil

Market Cap: CA$23.5b

Engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in the Western Canadian Sedimentary Basin.

ARC Resources

Market Cap: CA$13.8b

Engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada.

Ovintiv

Market Cap: US$9.8b

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

COSCO SHIPPING Energy Transportation

Market Cap: HK$74.7b

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: ₺383.8b

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

China Oilfield Services

Market Cap: HK$62.1b

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

Hess Midstream

Market Cap: US$6.9b

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

CNOOC Energy Technology & Services

Market Cap: CN¥40.8b

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

Frontline

Market Cap: US$5.6b

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

Saipem

Market Cap: €4.5b

Provides energy and infrastructure solutions worldwide.

CNX Resources

Market Cap: US$5.0b

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

Noble

Market Cap: US$4.7b

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

Vallourec

Market Cap: €4.0b

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$30.0b

Develops and utilizes clean energy in Mainland China.

Alamtri Resources Indonesia

Market Cap: Rp54.1t

Engages in the coal and mining business in Indonesia.

Kodiak Gas Services

Market Cap: US$2.9b

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

Cmb.Tech

Market Cap: €2.4b

Engages in marine transportation business in Belgium.

Civitas Resources

Market Cap: US$2.4b

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.

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.

Medco Energi Internasional

Market Cap: Rp32.0t

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

Oriental Energy

Market Cap: CN¥13.5b

Engages in the production and sale of liquified petroleum gas China.

Seadrill

Market Cap: US$1.8b

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

SK Gas

Market Cap: ₩2.3t

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

Zhongman Petroleum and Natural Gas GroupLtd

Market Cap: CN¥10.9b

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

National Energy Services Reunited

Market Cap: US$1.4b

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

Brava Energia

Market Cap: R$6.8b

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

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.

Longyan Zhuoyue New Energy

Market Cap: CN¥7.8b

A renewable company, engages in the producing and sale of biodiesel from waste oil in China.

BW Energy

Market Cap: NOK 10.2b

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

Helix Energy Solutions Group

Market Cap: US$982.5m

An offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the United States, North Sea, the Asia Pacific, West Africa, and internationally.

Shandong Sunway Chemical Group

Market Cap: CN¥6.0b

Engages in engineering, chemical, and catalysts businesses in China.

Harum Energy

Market Cap: Rp13.3t

Through its subsidiaries, engages in the coal and nickel mining, logistics, and nickel processing and refining activities in Indonesia and internationally.

Tsakos Energy Navigation

Market Cap: US$765.5m

Provides seaborne crude oil and petroleum product transportation services worldwide.