Fresh US sanctions on Iran, threats around the Strait of Hormuz and rising pressure on global trade routes have pushed energy security back into the spotlight. That mix of risk and disruption can reshuffle winners and losers across global energy producers and oilfield services stocks, which creates both openings and traps for investors. This article walks through 3 stocks exposed to this news so you can consider how they might fit your portfolio.

The stocks highlighted below are just a starting sample. The full screen surfaced 40 more global energy producers and oilfield services companies with equally compelling narratives that are not covered here. To go deeper, head straight into the Global Energy Producers and Oilfield Services screener to identify, analyze, and focus on the highest conviction ideas for your watchlist.

ProPetro Holding (PUMP)

ProPetro Holding is an integrated energy services company that supports upstream oil and gas producers with hydraulic fracturing, wireline, cementing and power generation services, which ties it closely to drilling and completion cycles that sit at the heart of this screener theme. The business is heavily weighted to hydraulic fracturing at about US$801 million of revenue, with wireline contributing about US$227 million and cementing about US$121 million, plus smaller segment adjustments. All of this revenue is generated in the United States, and the company currently carries a market cap of about US$1.4b.

Investors looking at energy security and potential supply disruptions may find ProPetro interesting because it is tightly linked to U.S. shale completion activity and is already seeing tighter frac capacity and demand for a 13th fleet, while also building out its PROPWR power business that serves both producers and energy hungry data centers. The company still reports losses and leans on higher risk funding sources, so a prolonged dip in activity or delayed contracts could bite, and recent insider selling raises questions around timing. If you want to understand whether the mix of next generation fleets, long term power deals and geopolitical tailwinds outweigh those risks, ProPetro is worth a closer look.

ProPetro’s push into next generation frac fleets and long term power deals may be creating a risk reward profile that differs from what headline losses suggest. Get the full picture in the 1 key reward and 2 important warning signs

Surge Energy (TSX:SGY)

Surge Energy is a pure play upstream producer in Western Canada, giving you direct exposure to global crude price moves through its oil and gas production and reserves rather than through pipelines or services contracts. The company generates about CA$534 million from its Oil & Gas Exploration & Production business, with all reported revenue tied to Canadian assets, and it currently has a market cap of roughly CA$1.1 billion.

Surge Energy fits this screener well, with producing assets that respond directly to any sustained move in global oil prices, including shocks linked to the latest Iran sanctions headlines. Recent production and earnings updates indicate cash generation that supports a monthly dividend and buybacks, although that dividend is not fully covered by earnings and the balance sheet relies on higher risk borrowing. Combined with insider selling and modest profitability metrics, this creates a situation where the potential upside from crude exposure is apparent, but the quality and resilience of those cash flows may merit closer inspection before forming a strong view.

Surge Energy’s monthly dividend and buybacks are only part of the story. The real question is how durable that cash generation looks once you factor in the full analysis report for Surge Energy

Logan Energy (TSXV:LGN)

Logan Energy gives you direct upstream exposure to crude oil and natural gas, with its production focused on the Montney rich Simonette and Pouce Coupe assets in northwest Alberta and the Flatrock property in northeastern British Columbia. The company is relatively new, incorporated in 2023 and based in Calgary, and currently has a market cap of about CA$768 million.

Logan Energy is built for investors who want pure exposure to production and commodity prices rather than pipelines or refining margins, which is exactly what this screener targets. Recent Q2 2026 results showed solid revenue and net income, and management has lifted 2026 production guidance. This means you are looking at a producer that is already scaling volumes into a backdrop of higher and more volatile oil prices. The trade off is clear. High reliance on external borrowing and prior dilution mean that balance sheet risk and future equity issuance remain front of mind, especially if credit tightens or prices soften again.

Logan Energy’s accelerating production story can look compelling on the surface, yet the balance sheet and funding needs still raise big questions. Get the full 4 key rewards and 2 important warning signs (1 is major!)

Seeking Alternatives Before The Crowd

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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.