Global Energy Undervalued over 20% based on DCF

Alamtri Resources Indonesia

Market Cap: Rp55.8t

Engages in the coal and mining business in Indonesia.

Golden Energy Mines

Market Cap: Rp54.0t

Through its subsidiaries, engages in coal mining business in Indonesia, China, India, the Philippines, South Korea, Bangladesh, Cambodia, Malaysia, Hongkong, and Vietnam.

Transocean

Market Cap: US$2.9b

Provides offshore contract drilling services for oil and gas wells in Switzerland and internationally.

Kodiak Gas Services

Market Cap: US$2.8b

Operates contract compression infrastructure for customers in the oil and gas industry in the United States.

Peyto Exploration & Development

Market Cap: CA$3.8b

Engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Alberta’s deep basin.

TerraVest Industries

Market Cap: CA$3.4b

Manufactures and sells goods and services to agriculture, mining, energy production and distribution, chemical, utilities, transportation and construction, and other markets in Canada, the United States, and internationally.

Mangalore Refinery and Petrochemicals

Market Cap: ₹216.8b

Engages in the manufacture and sale of refined petroleum products in India.

New Hope

Market Cap: AU$3.7b

Explores for, develops, produces, and processes coal, and oil and gas properties.

Semirara Mining and Power

Market Cap: ₱138.1b

Engages in the exploration, development, and mining of the coal resources and power generation in the Philippines.

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.

Oceaneering International

Market Cap: US$2.2b

Provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries in the United States.

NuVista Energy

Market Cap: CA$2.8b

Engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin.

Cosan

Market Cap: R$10.8b

Engages in the fuel distribution business.

Tamarack Valley Energy

Market Cap: CA$2.7b

Engages in the exploration, development, production, and sale of oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin.

TORM

Market Cap: DKK 12.3b

A shipping company, owns and operates a fleet of product tankers in the United Kingdom.

Técnicas Reunidas

Market Cap: €1.6b

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

Liberty Energy

Market Cap: US$1.8b

Provides hydraulic fracturing services and related technologies to onshore oil and natural gas exploration, and production companies in North America.

Arabian Drilling

Market Cap: ر.س6.8b

Operates as an onshore and offshore gas and oil rig drilling company in Saudi Arabia.

Gulf International Services Q.P.S.C

Market Cap: ر.ق6.2b

Through its subsidiaries, provides insurance and reinsurance, helicopter transportation, and drilling and related services in Qatar, Turkiye, and internationally.

BKV

Market Cap: US$1.7b

Produces and sells natural gas in the Barnett Shale in the Fort Worth Basin of Texas and in the Marcellus Shale in the Appalachian Basin of Northeast Pennsylvania.

Fluxys Belgium

Market Cap: €1.4b

An infrastructure company, engages in transmission and storage of natural gas in Belgium.

Indo Tambangraya Megah

Market Cap: Rp26.1t

Engages in coal mining activities in East, South, and Central Kalimantan.

AKR Corporindo

Market Cap: Rp25.8t

A logistics and supply chain company, engages in distribution and trading of petroleum and basic chemical products in Indonesia.

Ratio Energies - Limited Partnership

Market Cap: ₪5.0b

Explores, develops, and produces oil and natural gas in Israel and internationally.

Par Pacific Holdings

Market Cap: US$1.4b

Operates as an energy company in the United States.

BlueNord

Market Cap: NOK 12.6b

An oil and gas company, engages in the production and development of resources that support the energy transition towards net zero in Norway, Denmark, the Netherlands, and the United Kingdom.

Delek US Holdings

Market Cap: US$1.2b

Engages in the integrated downstream energy business in the United States.

Transportadora de Gas del Norte

Market Cap: AR$1.6t

Engages in the natural gas transportation in the north and central west regions of Argentina.

Diversified Energy

Market Cap: UK£848.7m

Operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States.

Select Water Solutions

Market Cap: US$1.0b

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

Vitesse Energy

Market Cap: US$1.0b

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

Enerflex

Market Cap: CA$1.4b

Offers energy infrastructure and energy transition solutions in North America, Latin America, and the Eastern Hemisphere.

Oil Refineries

Market Cap: ₪2.6b

Primarily engages in the production and sale of fuel products, intermediate materials, and aromatic products in Israel and internationally.

Star Petroleum Refining

Market Cap: ฿24.3b

Operates a petroleum refinery in the Rayong Province of Thailand.

Petroreconcavo

Market Cap: R$3.9b

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

Pakistan State Oil

Market Cap: PK₨198.9b

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