Global Energy Undervalued over 20% based on DCF

Petroreconcavo

Market Cap: R$3.9b

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

Valeura Energy

Market Cap: CA$967.8m

Engages in the exploration, development, and production of petroleum and natural gas in Thailand and in Turkey.

Pakistan State Oil

Market Cap: PK₨189.6b

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

BW Offshore

Market Cap: NOK 6.8b

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

Houpu Clean Energy Group

Market Cap: CN¥4.6b

Provides clean energy equipment solutions.

IRPC

Market Cap: ฿20.4b

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

Energy Infrastructure Trust

Market Cap: ₹54.4b

An infrastructure investment trust, engages in the transportation of natural gas in India.

Bangchak Sriracha

Market Cap: ฿17.0b

Bangchak Sriracha Public Company Limited refines and markets petroleum products in Thailand.

Shanghai SK Petroleum & Chemical Equipment

Market Cap: CN¥3.6b

Engages in the research and development, and manufacture of petroleum and chemical equipment in China.

Zhejiang Kingland Pipeline and TechnologiesLtd

Market Cap: CN¥3.5b

Focuses on the research, development, manufacture, and sale of welded steel pipe products for the petroleum industry in China.

PetroTal

Market Cap: CA$658.2m

Engages in the exploration, appraisal and development of oil and natural gas in Peru, South America.

Lanpec Technologies

Market Cap: CN¥3.1b

Engages in the manufacture and sale of petroleum and petrochemical equipment in the People’s Republic of China and internationally.

TotalEnergies Marketing Ghana

Market Cap: GH₵3.6b

Engages in the marketing and sale of petroleum and allied products in Ghana.

Lianson Fleet Group Berhad

Market Cap: RM 1.4b

An investment holding company, provides vessel chartering, ship management, and offshore marine services to the oil and gas related industries in Malaysia and Brunei.

PetroVietnam Transportation

Market Cap: ₫8.5t

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

Natural Gas Services Group

Market Cap: US$302.2m

Provides natural gas compression equipment, technology, and services to the energy industry in the United States.

Beiken Energy Group

Market Cap: CN¥2.1b

Engages in the oil, gas, and geology businesses in China and internationally.

Brooge Energy

Market Cap: US$280.5m

Through its subsidiaries, provides oil storage and related services at the Port of Fujairah in the United Arab Emirates.

STEP Energy Services

Market Cap: CA$321.4m

An energy services company, provides integrated coiled tubing, fluid and nitrogen pumping, and hydraulic fracturing to service oil and natural gas industry in Canada and the United States.

Seamec

Market Cap: ₹20.3b

Provides offshore oilfield and diving support vessel services in India and internationally.

Berry

Market Cap: US$221.1m

Operates as an independent upstream energy company in the western United States.

China Leon Inspection Holding

Market Cap: HK$1.7b

An investment holding company, provides inspection, testing, technical, and consulting services in Greater China, Singapore, and internationally.

Horizon Oil

Market Cap: AU$325.1m

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

Kistos Holdings

Market Cap: UK£141.3m

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

Wasco Berhad

Market Cap: RM 751.1m

Provides energy solutions worldwide.

Jamuna Oil

Market Cap: ৳21.4b

Engages in marketing of refined petroleum oil, lubricants, gas, and bitumen in Bangladesh.

Savannah Energy

Market Cap: UK£116.0m

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

TotalEnergies Marketing Nigeria

Market Cap: ₦217.3b

TotalEnergies Marketing Nigeria Plc markets and distributes refined petroleum products in Nigeria.

Mandiri Herindo Adiperkasa

Market Cap: Rp2.2t

Provides mineral and coal transportation services in Indonesia.

Orca Energy Group

Market Cap: CA$165.3m

Engages in the exploration, development, production, and supply of petroleum and natural gas to the power and industrial sectors in Tanzania.

Gulf Island Fabrication

Market Cap: US$111.1m

Operates as a fabricator of steel structures and modules in the United States.

NWF Group

Market Cap: UK£82.8m

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

Resource Alam Indonesia

Market Cap: Rp1.7t

Engages in the coal mining business in Indonesia.

Bonterra Energy

Market Cap: CA$133.7m

A conventional oil and gas company, engages in the development and production of oil and natural gas in Canada.

Granite Falls Energy

Market Cap: US$91.1m

Engages in the production and sale of ethanol and its co-products in the continental United States.

Susco

Market Cap: ฿2.5b

Engages in the wholesale and retail of fuel products in Thailand, Cambodia, Myanmar, Laos, and China.