HENDERSON, NV / ACCESSWIRE / January 30, 2019 / Here's a few Oil & Gas plays you should have on your radar.
The top Oil & Gas play on our list is Camber Energy (CEI), which spent most of the latter half of 2018 getting their business in order. The company is on a very positive track. The stock found support and looks like one oil & gas play you'll want to research immediately.
Today we are highlighting: Camber Energy, Inc. (CEI), Nabors Industries Ltd. (NBR), Whiting Petroleum Corporation (WLL), Cenovus Energy Inc. (CVE), and Halcon Resources Corporation (HK).
We mentioned above that Camber Energy, Inc. (CEI) (Market Cap: $3.23M, Share Price: $0.4770)spent a lot of 2018 cleaning up the company and improving its efficiency. Specifically, they 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. Another step toward compliance was a one-for-twenty-five reverse stock split which naturally led to the pullback that has allowed investors these amazing entry opportunities.
The company also recently announced they are actively seeking other potential acquisitions, and as we mentioned above, they are in a good position financially to do so.
We believe CEI is back on track and investors are getting on board, do your due diligence now.
Nabors Industries Ltd. (NBR) (Market Cap: $1.055B, Share Price: $2.95) recently announced that it is looking to significantly reduce its debt burden by various means. Per Bloomberg, the CEO of Nabors, Anthony Petrello is also taking a 10% pay cut to support the motion.
Whiting Petroleum Corporation (WLL) (Market Cap: $2.584B, Share Price: $28.05) 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 recently.
Cenovus Energy Inc. (CVE) (Market Cap: $9.655B, Share Price: $7.87), announced it would cut its capital spending for 2019 by 4 % amid a broader turnaround plan, but raised its oil sands production forecast. The company said it plans to invest between C$1.2 billion ($901.1 million) and C$1.4 billion in 2019, with the majority of the budget going to its Foster Creek and Christina Lake oil sands operations.
Halcon Resources Corporation (HK) (Market Cap: $263.85M, Share Price: $1.65), announced last month it closed on the divestiture of all of its water infrastructure assets across the Delaware Basin to a subsidiary of WaterBridge Resources LLC for $200 million in cash.
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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