Global Energy Potentially Undervalued Small Caps

Uzma Berhad

Market Cap: RM 244.1m

An investment holding company, operates as an integrated energy and technology company in Malaysia and internationally.

Central Petroleum

Market Cap: AU$66.8m

Engages in the development, production, processing, and marketing of hydrocarbons, including natural gas, and crude oil and condensate in Australia.

Dolphin Drilling

Market Cap: NOK 394.9m

Provides drilling services to the offshore oil and gas industry in the United Kingdom, India, Norway, and Nigeria.

Tekmar Group

Market Cap: UK£17.4m

Designs, manufactures, and supplies subsea stability and protection technology to offshore energy markets.

Niko Resources

Market Cap: US$94.0

Engages in the exploration, development, and production of oil and natural gas primarily in India and Bangladesh.

PSP Energy Berhad

Market Cap: RM 133.6m

Engages in the trading and distribution of fuel and lubricant products in Malaysia.

TAEYANG

Market Cap: ₩56.8b

Provides portable butane gas cartridges, stoves, and gas filling and aerosol products in South Korea.

Atlantic Navigation Holdings (Singapore)

Market Cap: S$61.3m

An investment holding company, provides marine logistic services, ship repair, fabrication, and other marine services in Qatar, Saudi Arabia, Oman, and internationally.

ADX Energy

Market Cap: AU$23.3m

Engages in the exploration, appraisal, and production of oil and gas properties.

Prospex Energy

Market Cap: UK£14.3m

Operates as an oil and gas investment company.

CH Offshore

Market Cap: S$29.6m

An investment holding company, owns and charters vessels in Singapore, Malaysia, Indonesia, Mexico, Africa, India, and Brunei.

ROK Resources

Market Cap: CA$58.8m

Operates as an independent oil and gas company in Canada.

Heatec Jietong Holdings

Market Cap: S$8.0m

Provides piping and heat exchanger services for the marine, petrochemical, and oil and gas industries in Singapore, the People’s Republic of China, and the Philippines.

Independent Oil & Resources

Market Cap: NOK 143.8m

An investment company, focuses on investing in the oil and gas, and green energy industries in Cyprus.

Australis Oil & Gas

Market Cap: AU$31.9m

An upstream oil and gas company, engages in the exploration, development, and production of oil and gas assets in the United States of America.

Matachewan Consolidated Mines

Market Cap: CA$5.3m

Invests in mineral properties in Canada.

Petrolimex Haiphong Transportation and Services JSC

Market Cap: ₫51.8b

Engages in the wholesale of solid, liquid, gaseous fuels, liquefied petroleum gas, gasoline, and petrochemical products.

Vico International Holdings

Market Cap: HK$173.0m

An investment holding company, engages in the distribution of lubricants and petrochemicals in Hong Kong, Vietnam, Dubai, Thailand, Singapore, and India.

Sigma Energy Compressindo

Market Cap: Rp119.2b

A service company, provides equipment rental services for the monetization of oil and gas industry.

Chinese People Holdings

Market Cap: HK$241.2m

An investment holding company, engages in the sales and distribution of fuel gas in the People’s Republic of China.

Otto Energy

Market Cap: AU$28.8m

Operates as an oil and gas exploration, production, and sales company in North America.

PermRock Royalty Trust

Market Cap: US$37.0m

Operates as a statutory trust in the United States.

Tower Resources

Market Cap: UK£10.9m

Engages in oil and gas exploration activities in Africa.

Jura Energy

Market Cap: CA$3.5m

Engages in the exploration, extraction, and production of oil and natural gas properties in Pakistan and Canada.

RPCG

Market Cap: ฿534.9m

Engages in the energy and real estate businesses in Thailand.

Vinacomin - Vang Danh Coal

Market Cap: ₫476.6b

Engages in mining, processing, and trading of coal and other minerals primarily in Vietnam.

Mencast Holdings

Market Cap: S$26.8m

An investment holding company, provides engineering and maintenance, repair, and overhaul solutions in Singapore, rest of Asia, and internationally.

Nippon Seiro

Market Cap: JP¥4.7b

Manufactures and sells petroleum waxes, physically and chemically converted wax products, and fuel oil in Japan, rest of Asia, North America, and internationally.

National Gas Company SAOG

Market Cap: ر.ع9.2m

Engages in marketing and sale of liquefied petroleum gas (LPG) in the Sultanate of Oman, other GCC countries, and Asia.

Muscat Gases Company SAOG

Market Cap: ر.ع4.5m

Manufactures, markets, and sells cooking gases in the Sultanate of Oman, Kingdom of Saudi Arabia, Brazil, Russia, China, and the United Arab Emirates.

Po Valley Energy

Market Cap: AU$71.9m

Operates as a gas and condensate development company in the Po Valley Region, Italy.

Fast Energy Holdings Berhad

Market Cap: RM 15.1m

An investment holding company, engages in oil trading and bunkering services business in Malaysia.

Petrolia

Market Cap: NOK 348.3m

Engages in the rental and sale of energy service equipment to energy industry in Norway, rest of Europe, Asia, and Australia.

Delixy Holdings

Market Cap: US$9.1m

An investment holding company, engages in the wholesale trading of crude oil and oil-based products in Southeast Asia, East Asia, and the Middle East.

Avance Gas Holding

Market Cap: US$7.7k

Engages in the transportation of liquefied petroleum gas (LPG) worldwide.

Logindo Samudramakmur

Market Cap: Rp840.9b

Provides integrated maritime services to support upstream oil and gas industries in Indonesia.