The latest flare up around the Strait of Hormuz and firmer Brent prices above $90 have pushed energy security back into the spotlight, and some investors are already repositioning. When key shipping routes face fresh threats, certain stocks exposed to these headlines can move quickly, for better or worse. This article walks through three stocks from a Global Oil & Gas Producers screener that appear positively linked to this news backdrop.

The three stocks below are a sample of what screens well for this theme. The full filter currently highlights 12 more global oil and gas producers with similarly interesting setups that are not covered here. If you want to go straight to the source and sort through the broader opportunity set yourself, analyze sector peers and identify which profiles line up with your own view on oil risk and reward using the Global Oil & Gas Producers screener.

BOMESC Offshore Engineering (SHSE:603727)

Overview: BOMESC Offshore Engineering is a Tianjin based engineering contractor that builds and installs complex offshore oil and gas modules and related infrastructure, a direct link to global offshore investment cycles and the Global Oil & Gas Producers screener theme. The company also provides broader marine engineering, fabrication yard services, energy equipment and technical consulting across multiple regions, from China to Brazil, the Middle East and the North Sea.

Market Cap: CN¥5.1b

For investors looking at how firmer oil prices and renewed focus on energy security might feed into real project work, BOMESC Offshore Engineering offers direct exposure to offshore development where higher and sustained prices can support new EPC contracts. The stock is priced well below one valuation model’s fair value estimate. However, the company is currently loss making, with a recent first half 2026 net loss of CN¥70.44 million and weaker revenue. Forecasts point to strong earnings and revenue growth and a path back to profitability, but this depends on execution, governance quality and how the balance sheet holds up given reliance on external borrowing. If order momentum and profitability improve, today’s combination of offshore leverage and discounted valuation could look very different.

Offshore leverage and a discounted share price put BOMESC Offshore Engineering in an intriguing spot for oil bulls. Get the full picture on contracts, balance sheet pressure and valuation gaps in the analysis report for BOMESC Offshore Engineering

Build your own offshore opportunity shortlist

BOMESC Offshore Engineering and the other two stocks in this article all came from a single screener, but your edge comes from tailoring the filters yourself. Use our flexible Screener to combine valuation, growth, balance sheet and risk metrics to suit your style, or tap into any of our curated Investing Ideas.

Pason Systems (TSX:PSI)

Overview: Pason Systems provides instrumentation and data management technology that oil and gas producers use on drilling rigs, giving the company indirect but meaningful exposure to global drilling activity and higher crude prices. Its products range from automated drilling control and real time data platforms to gas and mud analyzers. These offerings are backed by support services that help customers run wells more efficiently across Canada, the United States and international markets.

Market Cap: CA$1.1b

Pason Systems is worth a closer look if you want exposure to higher oil prices without owning a producer directly. The company sits in the Global Oil & Gas Producers screener because its drilling technology tends to see stronger demand when producers are active, and recent results show solid Q2 2026 revenue and earnings even as the first half was softer. At the same time, margins have come under pressure and the earnings path is tied closely to North American drilling cycles, which can work against you if activity cools. In addition, the company pays an ongoing dividend and trades at a valuation that some models view as below fair value, creating a quality driven but cyclical story that calls for careful timing and clear risk tolerance.

Pason Systems blends drilling tech, income and a valuation that some models view as below fair value. The real setup only appears when you see how those pieces fit together in the analysis report for Pason Systems, where one detail can shift the whole thesis

SM Energy (SM)

Overview: SM Energy is a US based independent oil and gas producer focused on acquiring, drilling and operating wells in shale basins, giving investors direct upstream exposure to crude and natural gas prices within the Global Oil & Gas Producers theme. The company concentrates on oil and natural gas liquids rich acreage across the Midland Basin, South Texas, the Uinta Basin and the DJ Basin, which ties its cash flows closely to sustained moves in benchmark oil prices.

Operations: SM Energy generates all of its US$5.0b in revenue from exploration and production activities in the United States.

Market Cap: US$8.0b

SM Energy is the purest oil price play in this screener, with upstream production, large shale positions and recent Q2 2026 results that paired US$2.5b in revenue with very high EBITDA margins and US$467 million of adjusted free cash flow. That combination of scale and cash generation supports a visible dividend, ongoing debt reduction of US$1.1b and share buybacks, while the stock still screens as materially undervalued against one cash flow model. The flip side is meaningful leverage, recent shareholder dilution and heavy reliance on a handful of US basins, which leaves you exposed if crude prices soften or regional issues emerge. For investors who want direct oil exposure with improving balance sheet signals, the trade off is worth a closer look.

SM Energy's cash generation, debt reduction and shareholder returns point to a story that many investors may be underestimating. See how those pieces fit together in the analysis report for SM Energy

Seeking Fresh Alternatives With Real Potential

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.