Italian Energy Low Leverage High Rewards

Tenaris

Market Cap: €15.7b

Manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Rosetti Marino

Market Cap: €185.4m

Engages in the energy, energy transition, and shipbuilding businesses in Italy, rest of the European Union, and internationally.

Gas Plus

Market Cap: €143.8m

Engages in the exploration and production of natural gas in Italy.