Global Energy Undervalued based on future growth

Saturn Oil & Gas

Market Cap: CA$1.0b

Engages in the acquisition, exploration, and development of petroleum and natural gas resource deposits in Canada.

Viridien Société anonyme

Market Cap: €643.4m

Provides earth science, data science, sensing, and monitoring data, products, services, and solutions in North America, Latin America, the Central and South Americas, Europe, Africa, the Middle East, and the Asia Pacific.

Longyan Zhuoyue New Energy

Market Cap: CN¥5.0b

A renewable company, engages in the producing and sale of biodiesel and bio-based materials from waste oil resources in China.

Riley Exploration Permian

Market Cap: US$726.6m

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

Pason Systems

Market Cap: CA$978.8m

Provides instrumentation and data management systems for oil and gas drilling in Canada, the United States, and internationally.

GeoPark

Market Cap: US$639.7m

Operates as an oil and natural gas exploration and production company in Chile, Colombia, Brazil, Argentina, Ecuador, and other Latin American countries.

PT. Indika Energy

Market Cap: Rp11.4t

Operates as an integrated energy company in Indonesia.

Harum Energy

Market Cap: Rp10.8t

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

Pakistan State Oil

Market Cap: PK₨165.2b

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

Total Energy Services

Market Cap: CA$826.1m

Operates as an energy services company primarily in Canada, the United States, Australia, and internationally.

Calfrac Well Services

Market Cap: CA$660.8m

Provides specialized oilfield services in Canada, the United States, and Argentina.

Logan Energy

Market Cap: CA$580.9m

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

PetroVietnam Transportation

Market Cap: ₫10.3t

Engages in maritime transportation services to the oil and gas industry in Vietnam and internationally.

North American Construction Group

Market Cap: CA$522.0m

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

PHX Energy Services

Market Cap: CA$496.5m

Provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, the United States, the Middle East regions, and internationally.

PetroTal

Market Cap: CA$469.4m

Engages in the acquisition, exploration, appraisal, development, and production of oil and natural gas properties in Peru.

Deep Industries

Market Cap: ₹30.8b

Provides oil and gas field and related support services in India.

Hibiscus Petroleum Berhad

Market Cap: RM 1.3b

Engages in the exploration, development, and sale of oil and gas in Peninsular Malaysia, Sabah, Malaysia, the United Kingdom, Brunei, Australia, and Vietnam.

Ventura Offshore Holding

Market Cap: NOK 3.1b

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

OPAL Fuels

Market Cap: US$311.1m

Engages in the production and distribution of renewable natural gas (RNG) for use as a vehicle fuel for heavy and medium-duty trucking fleets throughout the United States.

E1

Market Cap: ₩461.4b

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

Gulf Marine Services

Market Cap: UK£218.0m

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

Capricorn Energy

Market Cap: UK£199.1m

An independent energy company, engages in the exploration, development, production, and sale of oil and gas the United Kingdom and internationally.

Alvopetro Energy

Market Cap: CA$331.4m

Engages in the acquisition, exploration, development, and production of hydrocarbons in Brazil and Canada.

Elnusa

Market Cap: Rp4.2t

Provides oil and gas services in Indonesia.

Odfjell Technology

Market Cap: NOK 2.2b

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.

Imperial Petroleum

Market Cap: US$223.8m

Provides seaborne transportation services worldwide.

Journey Energy

Market Cap: CA$311.8m

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

NorAm Drilling

Market Cap: NOK 1.7b

Together with its subsidiary, owns and operates AC driven onshore rigs for the drilling of horizontal wells in the United States.

OMS Energy Technologies

Market Cap: US$171.5m

Through its subsidiaries, manufactures and sells specialty connectors and pipes, surface wellhead and Christmas trees, premium threading services, and other ancillary services in Saudi Arabia, Singapore, Malaysia, Thailand, Indonesia and internationally.

Kolibri Global Energy

Market Cap: CA$240.9m

An energy company, engages in finding and exploiting energy projects in oil and gas in the United States.

Amplify Energy

Market Cap: US$166.8m

Engages in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States.

BBGI

Market Cap: ฿5.5b

Manufactures and distributes biofuel and related products in Thailand.

Source Energy Services

Market Cap: CA$176.5m

Engages in the production and distribution of frac sand used primarily in oil and gas exploration and production in Canada and the United States.

Deleum Berhad

Market Cap: RM 457.8m

Engages in the oil and gas businesses in Malaysia, Indonesia, and internationally.

NWF Group

Market Cap: UK£66.2m

Engages in the sale and distribution of fuel oils in the United Kingdom.