Global Energy Undervalued over 20% based on DCF

Helix Energy Solutions Group

Market Cap: US$1.5b

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.

SK Gas

Market Cap: ₩2.1t

Supplies and distributes liquefied petroleum gas (LPG) in South Korea and internationally.

CropEnergies

Market Cap: €1.2b

Manufactures and distributes bioethanol, derivatives, and other products from renewable raw materials in Germany and internationally.

RPC

Market Cap: US$1.4b

Engages provision of a range of oilfield services and equipment for the oil and gas companies involved in the exploration, production, and development of oil and gas properties.

Navigator Holdings

Market Cap: US$1.4b

Owns and operates a fleet of liquefied gas carriers worldwide.

Jordan Petroleum Refinery

Market Cap: د.أ838.0m

Engages in refining, producing, distributing, and transporting petroleum products primarily in Jordan.

Sabine Royalty Trust

Market Cap: US$1.1b

Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States.

Shanxi Blue Flame Holding

Market Cap: CN¥6.8b

Engages in the exploration, development, and utilization of coal mine gas.

Jadranski naftovod d.d

Market Cap: €791.0m

Engages in the transport and storage of crude oil and petroleum products in the Republic of Croatia and internationally.

Forum Energy Technologies

Market Cap: US$870.7m

Designs, manufactures, and supplies products serving the oil, natural gas, defense, and renewable energy industries in the United States and internationally.

Tamar Petroleum

Market Cap: ₪2.6b

Engages in the exploration, development, production, marketing, and transmission of natural gas and condensate in Israel.

BW Offshore

Market Cap: NOK 7.1b

Engages in the engineering of offshore production solutions in the Americas, Europe, Africa, Asia, and the Pacific.

Sinopec Oilfield Equipment

Market Cap: CN¥4.9b

Engages in the research, development, manufacture, and service of oil and gas equipment in China and internationally.

Anhui Province Natural Gas Development

Market Cap: CN¥4.0b

Engages in the construction, operation, and management of natural gas trunk pipeline network in China.

Ur-Energy

Market Cap: CA$775.8m

Engages in the acquisition, exploration, development, and operation of uranium mineral properties in the United States.

Dayang Enterprise Holdings Bhd

Market Cap: RM 1.8b

An investment holding company, provides offshore topside maintenance services, minor fabrication works, and offshore hook-up and commissioning services to oil and gas companies in Malaysia.

Attock Refinery

Market Cap: PK₨117.8b

Engages in the refining of crude oil in Pakistan.

Presidio Production

Market Cap: US$366.2m

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

StealthGas

Market Cap: US$358.1m

Provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users in Greece and internationally.

Tidewater Midstream and Infrastructure

Market Cap: CA$466.1m

Tidewater Midstream and Infrastructure Ltd.

Kistos Holdings

Market Cap: UK£239.0m

Focuses on development and production of gas and other hydrocarbon reserves in the United Kingdom, Norway, and the Netherlands.

Hengyuan Refining Company Berhad

Market Cap: RM 1.2b

Engages in refining, manufacturing, and selling petroleum products in Malaysia.

Condor Energies

Market Cap: CA$408.5m

An oil and gas company, engages in the production of natural gas in Uzbekistan, Turkey, and Kazakhstan.

Afentra

Market Cap: UK£207.8m

Operates as an upstream oil and gas company primarily in Africa.

Cnergyico PK

Market Cap: PK₨77.8b

An energy company, engages in the oil refining, and petroleum marketing, and petroleum logistics businesses in Pakistan.

Horizon Oil

Market Cap: AU$391.0m

Engages in the exploration, development, and production of oil and gas properties in China, New Zealand, Australia, and Thailand.

Lanna Resources

Market Cap: ฿8.1b

Lanna Resources Public Company Limited, together with its subsidiaries, manufacture and distributes coal.

MJL Bangladesh

Market Cap: ৳28.5b

Engages in the blending and marketing of lubricants in Bangladesh.

Shell Pilipinas

Market Cap: ₱13.2b

Operates as a fuel retailer in the Philippines and internationally.

Petrus Resources

Market Cap: CA$274.1m

Engages in the acquisition, development, exploration, and exploitation of energy business-related assets in Canada.

Pulsar Helium

Market Cap: CA$260.3m

Engages in the identification, acquisition, exploration, and development of helium exploration projects in the United States of America and Greenland.

Meghna Petroleum

Market Cap: ৳22.6b

Engages in the procurement, storage, and marketing of petroleum products and lubricants, bitumen, liquefied petroleum gas (LPG), and battery water in Bangladesh.

Aqualis

Market Cap: NOK 1.2b

An investment holding company, provides marine, offshore, and renewables consultancy services to the energy, shipping, and insurance industries worldwide.

Petrolina (Holdings)

Market Cap: €108.5m

Engages in the import and marketing of petroleum products in Cyprus.

Al Mahhar Holding Company Q.P.S.C

Market Cap: ر.ق454.0m

Engages in the energy and infrastructure business in Qatar and internationally.

NWF Group

Market Cap: UK£74.6m

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