Global Energy Potentially Undervalued Small Caps

Tekmar Group

Market Cap: UK£20.3m

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.

Petro-king Oilfield Services

Market Cap: HK$341.9m

An investment holding company, provides oilfield technology services in the People’s Republic of China, the Middle East, and internationally.

ADX Energy

Market Cap: AU$24.2m

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

PSP Energy Berhad

Market Cap: RM 149.6m

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

Kyungdong Invest

Market Cap: ₩94.4b

Primarily engages in the supply of city gas in South Korea.

GP Petroleums

Market Cap: ₹2.0b

GP Petroleums Limited formulates, manufactures, and markets industrial and automotive lubricants, rubber process oils, transformer oils, greases, and other specialties in India.

TAEYANG

Market Cap: ₩51.8b

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

CBL International

Market Cap: US$11.4m

A marine fuel logistics company, provides vessel refueling solutions in Malaysia, Hong Kong, China, Singapore, South Korea, and internationally.

Prospex Energy

Market Cap: UK£13.0m

Operates as an oil and gas investment company.

Star Energy Group

Market Cap: UK£33.6m

Engages in the exploration, development, processing, and production of oil and gas in the United Kingdom.

Heatec Jietong Holdings

Market Cap: S$7.8m

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

East West Minerals

Market Cap: CA$1.5m

A junior oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas properties in Canada, New Zealand, and Romania.

AnAn International

Market Cap: S$72.0m

An investment holding company, trades in petrochemical, fuel oil, and petroleum products in Europe, Singapore, Hong Kong, and the People’s Republic of China.

Australis Oil & Gas

Market Cap: AU$30.6m

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

Getech Group

Market Cap: UK£3.0m

Provides subsurface and geospatial insight for the natural resources sector in United Kingdom, the United States, rest of Europe, Malaysia, Kazakhstan, Australia, rest of Asia, rest of Americas, and Africa.

Green Shift Commodities

Market Cap: CA$11.0m

Engages in investment, exploration, and development of uranium, lithium, and battery commodity minerals in South America and Canada.

Orca Energy Group

Market Cap: CA$88.1m

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

Matachewan Consolidated Mines

Market Cap: CA$3.1m

Invests in mineral properties in Canada.

Angus Energy

Market Cap: UK£10.6m

An independent UK onshore oil and gas development, production, and operations company, engages in the oil and gas extraction for distribution to third parties in the United Kingdom.

Independent Oil & Resources

Market Cap: NOK 172.5m

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

Handal Energy Berhad

Market Cap: RM 4.5m

An investment holding company, primarily provides integrated crane and pipeline isolation services to the oil and gas industry in Malaysia.

Central Petroleum

Market Cap: AU$48.8m

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

Petrolimex Haiphong Transportation and Services JSC

Market Cap: ₫47.9b

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

Vico International Holdings

Market Cap: HK$175.0m

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

Nagaoka International

Market Cap: JP¥9.1b

Manufactures and sells water intake and treatment systems, and screen internals to the oil refining and petrochemical industries in Japan and internationally.

Apexindo Pratama Duta

Market Cap: Rp475.2b

Operates as a drilling contractor in Indonesia and internationally.

Chinese People Holdings

Market Cap: HK$268.0m

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

Tower Resources

Market Cap: UK£6.9m

Engages in oil and gas exploration business in Africa.

PermRock Royalty Trust

Market Cap: US$25.9m

Operates as a statutory trust in the United States.

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.

FAR

Market Cap: AU$26.3m

Operates as an oil and gas exploration and development company in Africa.

National Gas Company SAOG

Market Cap: ر.ع9.3m

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

Basic Energy

Market Cap: ₱1.6b

An investment holding company, engages in the exploration and development of oil and gas properties in the Philippines.

Nippon Seiro

Market Cap: JP¥4.6b

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

Mencast Holdings

Market Cap: S$41.1m

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