Global Energy Undervalued based on future growth

Teekay Tankers

Market Cap: US$1.5b

Provides marine transportation services to oil industries in Bermuda and internationally.

Bangchak Corporation

Market Cap: ฿46.5b

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

Zhongman Petroleum and Natural Gas GroupLtd

Market Cap: CN¥8.8b

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

Aris Water Solutions

Market Cap: US$1.2b

An environmental infrastructure and solutions company, provides water handling and recycling solutions to oil and natural gas operators in the United States.

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.

Select Water Solutions

Market Cap: US$1.1b

Provides water management and chemical solutions to the energy industry in the United States.

BW Energy

Market Cap: NOK 9.1b

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

Infinity Natural Resources

Market Cap: US$864.4m

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

Helix Energy Solutions Group

Market Cap: US$864.3m

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.

Okeanis Eco Tankers

Market Cap: NOK 7.8b

A shipping company, owns and operates tanker vessels worldwide.

Shandong Sunway Chemical Group

Market Cap: CN¥5.4b

Provides engineering services in petrochemical and coal chemical industry in China.

Longyan Zhuoyue New Energy

Market Cap: CN¥5.2b

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

Petroreconcavo

Market Cap: R$3.9b

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

Harum Energy

Market Cap: Rp10.9t

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

National Energy Services Reunited

Market Cap: US$639.1m

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

Paratus Energy Services

Market Cap: NOK 6.2b

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

Tsakos Energy Navigation

Market Cap: US$586.0m

Provides seaborne crude oil and petroleum product transportation services worldwide.

Nordic American Tankers

Market Cap: US$582.3m

A tanker company, owns, operates, and charters double-hull tankers in Bermuda and internationally.

Mattr

Market Cap: CA$753.4m

Operates as a materials technology company that serves the transportation, communication, water management, and energy and electrification markets in Canada, the United States, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.

SBO

Market Cap: €446.0m

Manufactures and sells steel products worldwide.

Anton Oilfield Services Group

Market Cap: HK$3.9b

An investment holding company, operates as an integrated oilfield technology services company in the People’s Republic of China, Iraq, and internationally.

North American Construction Group

Market Cap: CA$606.6m

Provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States.

Ardmore Shipping

Market Cap: US$432.6m

Engages in the seaborne transportation of petroleum products and chemicals worldwide.

Petron

Market Cap: ₱22.2b

Operates as an oil refining and marketing company in the Philippines.

Geo Energy Resources

Market Cap: S$467.1m

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

E1

Market Cap: ₩452.4b

Imports, stores, trades, and sells liquefied petroleum gas (LPG) in South Korea.

Gulf Marine Services

Market Cap: UK£233.9m

Operates self-propelled self-elevating support vessels (SESVs) in the United Arab Emirates, the Kingdom of Saudi Arabia, Qatar, and Europe.

Oil States International

Market Cap: US$295.7m

Through its subsidiaries, provides engineered capital equipment and consumable products for energy, industrial, and military sectors worldwide.

Tullow Oil

Market Cap: UK£207.3m

An energy company, develops, produces, and sells oil and gas resources in Ghana, Gabon, Côte d’Ivoire, Kenya, and Argentina.

Panoro Energy

Market Cap: NOK 2.7b

An independent exploration and production company, engages in the exploration, development, and production of oil and gas properties in Africa.

Hibiscus Petroleum Berhad

Market Cap: RM 1.1b

Engages in the exploration, development, and sale of oil and gas.

Reach Subsea

Market Cap: NOK 2.5b

Provides subsea services in Norway and internationally.

Petron Malaysia Refining & Marketing Bhd

Market Cap: RM 950.4m

Engages in the manufacturing and marketing of petroleum products to retail and commercial customers in Peninsular Malaysia.

Ventura Offshore Holding

Market Cap: NOK 2.2b

A deep-water drilling contractor, provides offshore drilling services to the oil and gas industry in Brazil and internationally.

Kolibri Global Energy

Market Cap: CA$289.3m

Engages in the exploration and exploitation of oil, gas, and clean and sustainable energy reserves in the United States.

Odfjell Technology

Market Cap: NOK 2.0b

Operates as a supplier of offshore operations, well services technology, and engineering solutions in Norway, the United Kingdom, rest of Europe, Kuwait, Malaysia, rest of Asia, and internationally.