U.S. Energy Undervalued based on future growth

Ovintiv

Market Cap: US$10.8b

Explores, develops, produces, and markets natural gas, oil, and natural gas liquids in North America.

Hess Midstream

Market Cap: US$8.3b

Owns, operates, develops, and acquires midstream assets and provide fee-based services to Hess and third-party customers in the United States.

APA

Market Cap: US$8.2b

An independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids.

Chord Energy

Market Cap: US$6.0b

Operates as an independent exploration and production company in the United States.

Frontline

Market Cap: US$5.2b

A shipping company, engages in the ownership and operation of oil and product tankers worldwide.

CNX Resources

Market Cap: US$4.2b

An independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin.

Valaris

Market Cap: US$3.7b

Provides offshore contract drilling services in Brazil, the United Kingdom, U.S.

Murphy Oil

Market Cap: US$3.7b

Operates as an oil and gas exploration and production company in the United States, Canada, and internationally.

Excelerate Energy

Market Cap: US$2.7b

Provides liquefied natural gas (LNG) solutions worldwide.

Peabody Energy

Market Cap: US$2.2b

Engages in coal mining business.

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.

Seadrill

Market Cap: US$2.0b

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

DHT Holdings

Market Cap: US$2.0b

Through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Norway, and India.

Mach Natural Resources

Market Cap: US$1.6b

An independent upstream oil and gas company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquids reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas, and the panhandle of Texas.

Flowco Holdings

Market Cap: US$1.4b

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

Aris Water Solutions

Market Cap: US$1.4b

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

SFL

Market Cap: US$1.1b

A maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters.

National Energy Services Reunited

Market Cap: US$1.0b

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

Helix Energy Solutions Group

Market Cap: US$914.3m

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.

Infinity Natural Resources

Market Cap: US$838.3m

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.

Granite Ridge Resources

Market Cap: US$704.8m

Operates as a non-operated oil and natural gas exploration and production company.

Tsakos Energy Navigation

Market Cap: US$671.5m

Provides seaborne crude oil and petroleum product transportation services worldwide.

Ardmore Shipping

Market Cap: US$504.1m

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

GeoPark

Market Cap: US$324.9m

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

Imperial Petroleum

Market Cap: US$153.8m

Provides seaborne transportation services worldwide.