Global Energy Undervalued based on future growth

Oil and Natural Gas

Market Cap: ₹3.1t

Engages in the exploration, development, and production of crude oil and natural gas in India and internationally.

Indian Oil

Market Cap: ₹1.9t

Indian Oil Corporation Limited, together with its subsidiaries, refines, pipeline transports, and markets petroleum products in India and internationally.

Hindustan Petroleum

Market Cap: ₹810.1b

Engages in the refining and marketing of petroleum products in India and internationally.

Hess Midstream

Market Cap: US$9.0b

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

China Oilfield Services

Market Cap: HK$53.5b

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

Türkiye Petrol Rafinerileri

Market Cap: ₺241.4b

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

COSCO SHIPPING Energy Transportation

Market Cap: HK$45.9b

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

APA

Market Cap: US$5.9b

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

SNGN Romgaz

Market Cap: RON 23.0b

Explores for, produces, and supplies natural gas in Romania.

Guanghui Energy

Market Cap: CN¥36.9b

Operates in the energy development business in China.

Saipem

Market Cap: €3.9b

Provides energy and infrastructure solutions worldwide.

Subsea 7

Market Cap: NOK 45.4b

Subsea 7 S.A. delivers offshore projects and services for the energy industry worldwide.

Core Natural Resources

Market Cap: US$4.0b

Produces, sells, and exports metallurgical and thermal coals in the United States and internationally.

Sinopec Oilfield Service

Market Cap: HK$29.8b

Provides petroleum engineering and technology services.

HD Hyundai

Market Cap: ₩5.4t

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

Frontline

Market Cap: US$3.6b

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

China Suntien Green Energy

Market Cap: HK$25.7b

Develops and utilizes clean energy in Mainland China.

Shan Xi Hua Yang Group New EnergyLtd

Market Cap: CN¥23.7b

Shan Xi Hua Yang Group New Energy Co.,Ltd.

Oil and Gas Development

Market Cap: PK₨913.4b

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

Mangalore Refinery and Petrochemicals

Market Cap: ₹240.5b

Engages in the manufacture and sale of refined petroleum products in India and internationally.

Whitehaven Coal

Market Cap: AU$4.0b

Develops and operates coal mines in New South Wales and Queensland.

Valaris

Market Cap: US$2.3b

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

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.

Exxaro Resources

Market Cap: R37.0b

Engages in coal, iron ore investment, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Australia, and Asia.

DOF Group

Market Cap: NOK 19.9b

Owns and operates a fleet of offshore and subsea vessels.

Tidewater

Market Cap: US$1.9b

Provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of offshore marine service vessels worldwide.

NuVista Energy

Market Cap: CA$2.5b

Engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin.

Flowco Holdings

Market Cap: US$1.8b

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

Gansu Energy Chemical

Market Cap: CN¥13.0b

Engages in the coal mining business in China.

Atlas Energy Solutions

Market Cap: US$1.7b

Engages in the production, processing, and sale of mesh and sand used as a proppant during the well completion process in the Permian Basin of West Texas and New Mexico.

DHT Holdings

Market Cap: US$1.7b

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

International Petroleum

Market Cap: CA$2.3b

Explores for, develops, and produces oil and gas.

Thai Oil

Market Cap: ฿55.2b

Engages in the oil refining and distributions, petrochemicals, lube base oil, and other businesses in Thailand and internationally.

SK Gas

Market Cap: ₩2.1t

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

Bangchak Corporation

Market Cap: ฿48.9b

Engages in the refining and marketing of petroleum products in Thailand, Singapore, Norway, Korea, Laos, and internationally.

Shanxi Lanhua Sci-Tech VentureLtd

Market Cap: CN¥10.6b

Produces and sells coal.