Sasha Jovanovic
5 min read
Energy markets rarely move this far out of the headlines without leaving a mark on portfolios. Slower global growth, stubborn inflation and war related supply shocks are reshaping which exporters hold the pricing power. Investors who ignore that shift risk missing where the new cash flows may concentrate. This article walks through 3 stocks exposed to this news backdrop from our Energy-Diversified, Net Energy Exporter Stocks screener and explains why markets are reassessing them now.
The three stocks below are just a starter pack, while the full screen surfaces 45 more energy exporters with equally compelling stories that are not covered here. To go straight to the source and identify, compare and analyze the wider set of opportunities, head into the Energy-Diversified, Net Energy Exporter Stocks screener.
Subsea 7 (OB:SUBC)
Overview: Subsea 7 is an offshore engineering contractor that builds and maintains subsea oil, gas and renewables infrastructure for major energy producers.
Operations: Subsea 7 generates about US$6.1b from Subsea and Conventional projects, US$1.3b from Renewables and US$119 million from Corporate activities.
Market Cap: NOK101b
For an energy exporter focused investor, Subsea 7 links Norway’s offshore engineering expertise with a long pipeline of global subsea work across oil, gas and renewables.
“The continued robustness of Subsea 7’s order intake ($2.5 billion this quarter, 1.4x book-to-bill) and rising backlog (nearly $12 billion) reflect high global demand for offshore oil & gas and brownfield redevelopments, which are underpinned by persistent growth in energy needs and the push to maximize output from existing infrastructure. Together, these factors support revenue visibility and long-term earnings growth.”
What happens to Subsea 7’s margins if a single key assumption about future offshore project timing or pricing quietly shifts.
If that shift matters to you, read the full narrative for Subsea 7 to see how backlog strength, project timing and pricing power could be quietly reshaping Subsea 7’s trajectory.
Paramount Resources (TSX:POU)
Overview: Paramount Resources is a Canadian upstream producer that develops long life Duvernay and Montney oil and gas fields in a net exporting market.
Operations: Paramount Resources generates CA$1.05b in revenue from Canadian oil and gas production, concentrated in its Duvernay and Montney assets.
Market Cap: CA$4.7b
Paramount Resources plugs directly into the Energy-Diversified, Net Energy Exporter Stocks theme, providing exposure to Canadian hydrocarbons tied to global demand and pricing while still paying regular cash back to shareholders.
