Global Energy Undervalued based on future growth

HD Hyundai

Market Cap: ₩18.1t

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

SM Energy

Market Cap: US$5.2b

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

Transportadora de Gas del Sur

Market Cap: AR$6.5t

Engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally.

Oil and Gas Development

Market Cap: PK₨1.3t

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

Alamtri Resources Indonesia

Market Cap: Rp63.9t

Engages in the coal and mining business in Indonesia.

China Suntien Green Energy

Market Cap: HK$28.3b

Develops and utilizes clean energy in Mainland China.

Mari Energies

Market Cap: PK₨811.6b

Explores for, produces, and sells hydrocarbons in Pakistan.

Seadrill

Market Cap: US$2.7b

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

Odfjell Drilling

Market Cap: NOK 24.5b

Engages in owning and operating mobile offshore drilling units primarily in Norway and Namibia.

Northern Oil and Gas

Market Cap: US$2.5b

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: Rp39.0t

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

Pakistan Petroleum

Market Cap: PK₨639.3b

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.

National Energy Services Reunited

Market Cap: US$2.1b

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

Kinetic Development Group

Market Cap: HK$15.8b

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

Flowco Holdings

Market Cap: US$2.0b

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.إ6.7b

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.

Etablissements Maurel & Prom

Market Cap: €1.5b

Engages in exploration and production of oil and gas, and hydrocarbons in Gabon, Tanzania, Angola, and Venezuela.

Bangchak Corporation

Market Cap: ฿53.8b

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

Brava Energia

Market Cap: R$8.2b

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

Vermilion Energy

Market Cap: CA$2.1b

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

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.

BW Energy

Market Cap: NOK 12.2b

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

Bristow Group

Market Cap: US$1.3b

Provides vertical flight solutions to integrated, national, and independent offshore energy companies and government agencies.

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.

ZJMI Environmental Energy

Market Cap: CN¥7.6b

Engages in the coal circulation, cogeneration, and new energy businesses.

Star Petroleum Refining

Market Cap: ฿32.1b

Engages in refinery and petroleum product distribution in Thailand and internationally.

Harum Energy

Market Cap: Rp15.0t

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$853.2m

Provides seaborne crude oil and petroleum product transportation services worldwide.

Paratus Energy Services

Market Cap: NOK 8.1b

Through its subsidiaries, provides drilling services and operates a fleet of jack-up rigs under contracts in Mexico.

Shandong Sunway Chemical Group

Market Cap: CN¥5.7b

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

Pakistan State Oil

Market Cap: PK₨192.2b

Engages in the procurement, storage, distribution, and marketing of petroleum and related products in Pakistan.

SBO

Market Cap: €546.1m

Manufactures and sells steel products worldwide.

Riley Exploration Permian

Market Cap: US$609.9m

An independent oil and natural gas company, focuses on the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in Texas and New Mexico.

Geo Energy Resources

Market Cap: S$726.0m

An investment holding company, engages in the mining, production, and trading of coal.

Bumi Armada Berhad

Market Cap: RM 1.8b

An investment holding company, engages in providing marine transportation, floating production storage offloading (FPSO) operations, and engineering and maintenance services to offshore oil and gas companies.