HENDERSON, NV / ACCESSWIRE / January 8, 2019 / Zacks recently published an article stating, ''Crude oil prices are likely to remain northbound in the near term. Consequently, investment in oil exploration and production stocks will be lucrative.'' Zacks cited three main factors - the decision of OPEC and Russia-led oil exporters to cut production levels, supply related problems in Iran and Venezuela and positive developments on the trade war front. With that in mind we've found some of the most promising opportunities in the industry.
One that we think has a ton of upside potential is Camber Energy (CEI), the company is coming off a reverse split which naturally led to a small pullback. However, it was a prudent move as it will help the company maintain NYSE American compliance. They have also balanced their books allowing them to make some major noise in 2019 as they are sufficiently capitalized. The pullback has provided enticing entry prices, now would be a great time to start researching the company as we think it could make a major splash for investors this year.
Today we are highlighting: Camber Energy, Inc. (CEI), Transocean Ltd. (RIG), Noble Corporation plc (NE), Northern Oil & Gas, Inc. (NOG), and Whiting Petroleum Corporation (WLL).
Camber Energy, Inc. (CEI) (Market Cap: $6.896M, Share Price: $1.15) just turned a nearly $30 million shareholders' deficit into $2.3 million of positive shareholders' equity, increasing liquidity, extinguishing debt and fast tracking the company for regaining NYSE American compliance. This is one of the reasons we think CEI, a Houston based, independent oil and gas company engaged in the development of crude oil, natural gas and natural gas liquids; could be a bull in the near term.
Transocean Ltd. (RIG) (Market Cap: $5.045B, Share Price: $8.28), recently announced that it has won a major five-year drilling contract from Chevron Corporation CVX, which will likely add $830 million to Transocean's backlog. The amount excludes mobilization and reimbursable charges. Notably, as of Dec 5, the company had a total backlog of $12.2 billion.
Noble Corporation plc (NE) (Market Cap: $824.292M, Share Price: $3.34) just released a report of their drilling rig status and contract information December 13, 2018. The report, titled "Fleet Status Report," can be found on the Company's website under the "Investor Relations'' section.
Near the end of 2018, Northern Oil & Gas, Inc. (NOG) (Market Cap: $1.035B, Share Price: $2.75), announced their 3rd quarter results including third-quarter production averaged 26,708 Barrel of Oil Equivalent (BOE) per day, an increase of 74% year-over-year and 27% sequentially. Increasing fourth quarter production guidance to a range of 35,000 - 36,000 BOE per day, an increase of over 100% year-over-year and 30% sequentially.
Whiting Petroleum Corporation (WLL) (Market Cap: $2.455B Share Price: $26.65), Senior Vice President of Planning and Reservoir Engineering, Pete Hagist, recently presented at the Capital One Securities Annual Energy Conference at the Windsor Court Hotel in New Orleans, LA.
This article was written by Regal Consulting, LLC (''Regal Consulting''). Regal Consulting has agreed to a six-month term consulting agreement with CEI dated 11/15/18. The agreement calls for $28,000 in cash, and 200,000 restricted 144 shares of CEI per month. All payments were made directly by Camber Energy, Inc. to Regal Consulting, LLC. to provide investor relations services, of which this article is a part of. Regal Consulting also paid one thousand dollars cash to microcapspeculators.com to distribute this article. Regal Consulting may have a position in the securities mentioned in this article at the time of publication, and may increase or decrease its position without notice. This article is based on public information and the opinions of Regal Consulting. CEI was given an opportunity to edit this article. This article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any results predicted herein. Regal Consulting is not registered with any financial or securities regulatory authority, and does not provide or claim to provide investment advice.
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