Global Energy Undervalued based on future growth

Ovintiv

Market Cap: US$18.4b

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

National Atomic Company Kazatomprom JSC

Market Cap: US$8.3t

Explores for, produces, processes, markets, and sells uranium and uranium related products.

COSCO SHIPPING Energy Transportation

Market Cap: HK$117.1b

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$50.2b

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

SM Energy

Market Cap: US$8.8b

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

Hindustan Petroleum

Market Cap: ₹772.9b

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

Matador Resources

Market Cap: US$7.2b

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$56.6b

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

Strathcona Resources

Market Cap: CA$9.5b

Acquires, explores, develops, and produces petroleum and natural gas reserves in Canada.

Golar LNG

Market Cap: US$5.3b

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

Vallourec

Market Cap: €4.1b

Through its subsidiaries, provides tubular solutions for the oil and gas, industry, and new energies markets in North America, South America, France, the Middle East, Indonesia, and East Asia.

Tidewater

Market Cap: US$4.7b

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.

United Tractors

Market Cap: Rp83.5t

Provides coal mining services in Indonesia.

Adaro Andalan Indonesia

Market Cap: Rp76.3t

Engages in the coal mining activities.

Alamtri Resources Indonesia

Market Cap: Rp73.4t

Engages in the coal and mining business in Indonesia.

Bumi Resources

Market Cap: Rp72.8t

Engages in the mining activities in Indonesia.

Athabasca Oil

Market Cap: CA$5.3b

Engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada.

China Suntien Green Energy

Market Cap: HK$26.4b

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

National Energy Services Reunited

Market Cap: US$3.3b

Provides oilfield services in the Middle East and North Africa.

Mangalore Refinery and Petrochemicals

Market Cap: ₹309.9b

Engages in refining of crude oil in India and internationally.

Exxaro Resources

Market Cap: R43.4b

Engages in coal, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Asia, and internationally.

Técnicas Reunidas

Market Cap: €2.1b

An engineering and construction company, designs and manages industrial plant projects worldwide.

Kinetic Development Group

Market Cap: HK$18.7b

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

Pakistan Petroleum

Market Cap: PK₨654.8b

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.

Chennai Petroleum

Market Cap: ₹207.4b

Produces and supplies petroleum products in India.

Flowco Holdings

Market Cap: US$2.0b

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.

Medco Energi Internasional

Market Cap: Rp34.3t

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

Vietnam National Petroleum Group

Market Cap: ₫48.2t

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

Dana Gas PJSC

Market Cap: د.إ6.0b

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.

BW Energy

Market Cap: NOK 14.6b

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

Tenaz Energy

Market Cap: CA$2.0b

An energy company, engages in the acquisition and development of oil and gas assets in Canada and the Netherlands.

Advantage Energy

Market Cap: CA$1.9b

Engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada.

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.

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.

Infinity Natural Resources

Market Cap: US$943.7m

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