Geopolitics is back in the spotlight as the Israel Gaza conflict carries greater risk of spilling across the region, and markets are starting to reprice what that could mean for energy security and oil supply routes. For investors, that raises the chance that some stocks tied to crude pricing and supply worries may react in very different ways. This article walks through 3 stocks from our Global Energy Security and Oil Supply Risk Beneficiaries screener that are closely exposed to this news.

The three stocks covered below are just a sample, and the full screen surfaced 39 more listed oil and integrated energy companies with equally compelling narratives that are not in this article. To identify and analyze higher conviction ideas tied to energy security and crude supply risks, head straight to the Global Energy Security and Oil Supply Risk Beneficiaries screener.

WhiteHawk Minerals (WHK)

Overview: WhiteHawk Minerals is a Philadelphia based company that owns natural gas mineral and royalty interests in the Marcellus and Haynesville shale basins, mainly collecting a share of production revenue from third party operators. This model gives WhiteHawk Minerals exposure to US natural gas pricing and activity levels without taking on drilling or operating responsibilities itself.

Market Cap: US$720 million

WhiteHawk Minerals sits at the crossroads of rising geopolitical risk around hydrocarbons and growing US natural gas demand tied to LNG exports and power hungry data centers. The company has a large inventory of wells and undeveloped locations operated by major producers, which can support royalty volumes over many years if activity holds up. At the same time, investors need to weigh its funding structure, recent net losses and a dividend that currently leans on external capital rather than internally generated cash. With analysts highlighting the potential for improved profitability and cash flow, the key issue is whether WhiteHawk Minerals can convert its asset base and acquisition pipeline into sustainable earnings in a more volatile energy market.

WhiteHawk Minerals sits at an interesting crossroads where asset potential and cash flow questions collide. To see how that tension plays out across profitability, balance sheet strength and funding risks, go through the 4 key rewards and 1 important major warning sign

Build your own energy royalty and LNG exposure shortlist

WhiteHawk Minerals and the other stocks in this article all came from a single Simply Wall St screen, but the real value is in designing filters that fit your own approach. Use our flexible Screener to mix criteria like valuation, balance sheet strength, dividends and risks, or start from any of our curated Investing Ideas.

Cardinal Energy (TSX:CJ)

Overview: Cardinal Energy is a Calgary based oil and gas producer that acquires, develops and produces crude oil and natural gas fields across Alberta, British Columbia and Saskatchewan, aiming to grow output from conventional assets and thermal projects while returning cash to shareholders through dividends.

Operations: Cardinal Energy generates about CA$550 million in revenue from oil and gas exploration and production activities in Canada.

Market Cap: CA$2.0b

Cardinal Energy sits squarely in the spotlight for investors watching crude markets as geopolitical risk rises, because its earnings are closely tied to oil and gas prices and it has a high liquids yield that can support margins when pricing is favorable. The company carries relatively low debt and management has highlighted flexibility to fund dividends or growth projects, which matters if volatility in oil prices persists. At the same time, profit margins have softened, recent results included a sizeable one off loss and the dividend is not fully covered by earnings or free cash flow. That mix of income, growth projects and quality questions makes Cardinal Energy a stock that some investors may wish to research further within the context of energy security themes.

Cardinal Energy’s mix of high liquids output, dividends and lower debt can look like a simple income story at first glance. The real twist sits inside the 2 key rewards and 3 important warning signs (1 is major!)

TGS (OB:TGS)

Overview: TGS is an Oslo headquartered geoscience company that sells seismic surveys, well data and advanced imaging to oil and gas producers, alongside growing services in carbon storage, offshore wind and solar. Its data libraries and software help energy companies decide where to drill, how to develop fields and how to assess subsurface assets.

Operations: TGS generates the bulk of its revenue from its multi client business at about $1.0b. It also reports additional contributions from marine data acquisition at about $793 million and imaging services at about $127 million, partly offset by internal adjustments and eliminations.

Market Cap: NOK27.1b

TGS is closely linked to the energy security theme that has intensified since conflict risk in the Middle East picked up. Higher and more uncertain oil prices can keep exploration spending on the table even when operators trim other budgets. The company reported fast earnings growth over the past year and Q2 2026 revenue was about 30% higher year on year, helped by multi client demand and a steady flow of new contracts from Australia to Brazil to the Gulf of Guinea. At the same time, a high P/E, one off losses of $169.5 million and reliance on external borrowing mean funding and valuation risk remain important questions for investors to consider.

Surging interest in subsurface data and energy security puts TGS in an unusual spot where strong demand meets real funding questions. Get the full context in the 3 key rewards and 2 important warning signs

Curious About Alternatives You Might Be Missing

Fresh ideas do not stay under the radar for long. Breakout themes can gather momentum quickly and latecomers may end up chasing. Scan these curated stock picks before the crowd and consider them while they are still less widely followed.

• Target resilient cash generators with solid fundamentals by running the curated list of solid balance sheet and fundamentals (51 results) while it still highlights companies the wider market has not fully focused on yet.
• Explore the AI infrastructure build out as data demand evolves by filtering for curated enablers through the 55 AI infrastructure stocks while valuations may still reflect earlier-stage adoption.
• Review potential opportunities in robotics adoption by looking at curated automation leaders inside the 37 robotics and automation stocks while expectations remain differentiated across the market.

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.