Global Energy Undervalued based on future growth

Ovintiv

Market Cap: US$15.8b

Operates as an oil and natural gas exploration and production company in North America.

COSCO SHIPPING Energy Transportation

Market Cap: HK$93.7b

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

Prio

Market Cap: R$44.9b

Engages in the exploration, development, and production of oil and natural gas properties in Brazil and internationally.

Vista Energy. de

Market Cap: Mex$120.9b

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

Matador Resources

Market Cap: US$6.6b

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

China Oilfield Services

Market Cap: HK$50.3b

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

Golar LNG

Market Cap: US$5.2b

Designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas.

Yancoal Australia

Market Cap: AU$7.3b

Engages in the exploration, development, production, and marketing of metallurgical and thermal coal in Australia, China, Japan, Taiwan, South Korea, Thailand, Vietnam, Malaysia, India, Europe, Israel, Chile, Indonesia, Cambodia, and Bangladesh.

United Tractors

Market Cap: Rp85.9t

Provides coal mining services in Indonesia.

Alamtri Resources Indonesia

Market Cap: Rp66.0t

Engages in the coal and mining business in Indonesia.

Adaro Andalan Indonesia

Market Cap: Rp62.9t

Engages in the coal mining activities.

China Suntien Green Energy

Market Cap: HK$24.7b

Engages in new energy and natural gas businesses in Mainland China.

Bumi Resources

Market Cap: Rp52.4t

Engages in the mining activities in Indonesia.

Mangalore Refinery and Petrochemicals

Market Cap: ₹262.3b

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

Pakistan Petroleum

Market Cap: PK₨641.1b

Engages in the exploration, development, and production of oil and natural gas resources in Pakistan, the United Arab Emirates, Iraq, and Yemen.

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.

Flowco Holdings

Market Cap: US$1.8b

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

Chennai Petroleum

Market Cap: ₹167.1b

Produces and supplies petroleum products in India.

Dana Gas PJSC

Market Cap: د.إ6.4b

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.

Vietnam National Petroleum Group

Market Cap: ₫45.7t

Imports, exports, and trades in petroleum products in Vietnam and internationally.

Kinetic Development Group

Market Cap: HK$13.5b

An investment holding company, engages in the extraction and sale of coal products in the People’s Republic of China and internationally.

Medco Energi Internasional

Market Cap: Rp28.8t

Explores for and produces oil and gas in Indonesia, Asia, Africa, the Middle East, and the United Kingdom.

Parex Resources

Market Cap: CA$2.1b

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

Guizhou Panjiang Refined CoalLtd

Market Cap: CN¥9.9b

Engages in mining, washing, processing, and sale of coal in China and internationally.

Borr Drilling

Market Cap: US$1.4b

Operates as an offshore shallow-water drilling contractor to the oil and gas industry in the Americas, Southeast Asia, West Africa, the Middle East, North Africa, and Europe.

Yinson Holdings Berhad

Market Cap: RM 5.6b

An investment holding company, operates as a floating, production, storage, and offloading (FPSO) service provider in Malaysia, Ghana, Nigeria, Brazil, India, Angola, Peru, and intentionally.

BW Energy

Market Cap: NOK 12.9b

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

Bristow Group

Market Cap: US$1.3b

Provides vertical flight solutions to offshore energy companies and government agencies in the United Kingdom, Norway, the United States, Nigeria, and internationally.

Advantage Energy

Market Cap: CA$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.

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.

Gulf International Services Q.P.S.C

Market Cap: ر.ق3.7b

Through its subsidiaries, provides insurance and reinsurance, helicopter transportation, and drilling and related services in Qatar, Turkiye, and internationally.

Sino Prima Gas Technology

Market Cap: CN¥6.7b

Engages in the exploration, development, production, transmission, pressurization, and sales of natural gas in China.

ZJMI Environmental Energy

Market Cap: CN¥6.3b

Sells coal products in China and internationally.

BW Offshore

Market Cap: NOK 8.3b

Engages in the engineering of offshore production solutions in the Americas, Europe, Africa, Asia, and the Pacific.

Infinity Natural Resources

Market Cap: US$834.8m

Engages in the acquisition, exploration, and development of properties to produce crude oil, natural gas, and natural gas liquids in the United States.

HMH Holding

Market Cap: US$833.1m

Provides offshore and onshore oil and gas drilling equipment and systems and services in the United States and Norway.