Global Energy Undervalued over 20% based on DCF

Shanxi Coking Coal Energy Group

Market Cap: CN¥42.2b

Shanxi Coking Coal Energy Group Co., Ltd.

Ithaca Energy

Market Cap: UK£4.5b

Engages in the development and production of oil and gas in the North Sea.

PrairieSky Royalty

Market Cap: CA$8.4b

PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Canada.

Guanghui Energy

Market Cap: CN¥39.4b

Operates in the energy development business in China and internationally.

Cactus

Market Cap: US$5.6b

Designs, manufactures, sells, and rents engineered pressure control and spoolable pipe technologies in the United States, Australia, Canada, the Middle East, and internationally.

HELLENiQ ENERGY Holdings

Market Cap: €4.7b

Operates in the energy sector in Greece, the Southeastern Europe, and the East Mediterranean.

Murphy Oil

Market Cap: US$5.4b

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

Petrovietnam Refining and Petrochemical

Market Cap: ₫137.2t

Manages and operates oil refinery in Vietnam.

Oil and Gas Development

Market Cap: PK₨1.4t

Explores for, develops, produces, and sells oil and gas resources in Pakistan.

International Seaways

Market Cap: US$4.9b

Owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade.

Tamarack Valley Energy

Market Cap: CA$6.5b

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

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.

Calumet

Market Cap: US$4.3b

Manufactures, formulates, and markets a slate of specialty branded products and renewable fuels in North America and internationally.

Cosmo Energy Holdings

Market Cap: JP¥678.3b

Through its subsidiaries, engages in the petroleum business in Japan and internationally.

China Coal Xinji EnergyLtd

Market Cap: CN¥28.3b

Engages in coal mining and thermal power generation in China and internationally.

Comstock Resources

Market Cap: US$4.2b

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

CVR Energy

Market Cap: US$4.0b

Engages in renewable fuels and petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States.

EagleRock Land

Market Cap: US$3.5b

Operates as a land management company.

Baytex Energy

Market Cap: CA$4.6b

An energy company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin.

Mangalore Refinery and Petrochemicals

Market Cap: ₹304.7b

Engages in refining of crude oil in India and internationally.

Seadrill

Market Cap: US$3.0b

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

TGS

Market Cap: NOK 27.3b

Provides geoscience data services to the oil and gas industry in Norway and internationally.

Select Water Solutions

Market Cap: US$2.7b

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

Exxaro Resources

Market Cap: R43.4b

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

OQ Gas Networks SAOG

Market Cap: ر.ع952.2m

Acquires, constructs, operates, maintains, repairs, and augments gas transportation pipelines and other related activities in Oman.

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.

Arabian Drilling

Market Cap: ر.س8.0b

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

Oil Refineries

Market Cap: ₪6.3b

Produces and sells finished petroleum products, intermediate products, and aromatics in Israel, Asia, Europe, and internationally.

Great Eastern Shipping

Market Cap: ₹189.7b

Through its subsidiaries, engages in the shipping and offshore businesses in India and internationally.

DNO

Market Cap: NOK 17.8b

Engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa.

Esentia Energy Development S. de R. L. de C. V

Market Cap: Mex$28.4b

Esentia Energy Development, S. de R. L. de C.

Ratio Energies - Limited Partnership

Market Cap: ₪4.9b

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

Friedrich Vorwerk Group

Market Cap: €1.4b

Provides various solutions for transformation and transportation of energy in Germany and Europe.

Bukitm (Persero)

Market Cap: Rp28.6t

Engages in coal mining activities in Indonesia.

Itochu EnexLtd

Market Cap: JP¥254.4b

Engages in the sale of petroleum products and liquefied petroleum gas (LPG), electricity, heat supply, vehicle sales in Japan and internationally.

IRPC

Market Cap: ฿51.4b

Engages in petroleum and petrochemical business in Thailand, Singapore, and internationally.