HENDERSON, NV / ACCESSWIRE / April 15, 2019 / Chevron Corp.'s $33 billion deal with Anadarko Petroleum Corp. lifted stocks of shale-oil producers on Friday and led some to predict a new wave of mergers and acquisitions in energy. Leading CFRA analyst Stewart Glickman said "megamergers have returned" to the oil & gas market. The acquisition would be the eighth largest oil and gas M&A deal in two decades, according to Dealogic. It also puts 2019 well ahead of last year in terms of deal value - so far this year, 169 deals world-wide have totaled $94 billion, compared with 235 deals globally totaling $62 billion in the same 2018-time frame.
With this environment in mind, we are highlighting oil & gas stocks to start your researching.
One oil & gas play looking to close a major acquisition in about 3-4 weeks that we are highlighting, Camber Energy (CEI) has worked very hard recently to improve their standing with the NYSE American and spent a lot of 2018 cleaning up the company's balance sheet and improving its efficiency. Their hard work is starting to receive recognition as CEI received a letter from the NYSE American about regaining several of their continued listing standards. Start your research now.
Camber Energy, Inc. (CEI) (Market Cap: $7.353M; Share Price: $0.3679) turned a nearly $30 million shareholder deficit into a $2.3 million of positive shareholder's equity, increasing liquidity, extinguishing debt and fast tracking the company for regaining NYSE American compliance. Investors are starting to show support to management's progress and as more investors learn the story, the trend could continue. Oil & Gas investors seeking competent fiscal management and efficient operations should research CEI. The company also announced the execution of a revised non-binding Letter of Intent in connection with the company's previously announced planned acquisition of a midstream pipeline integrity services, specialty construction and field services company in an all-stock transaction.
Louis G. Schott, the Interim CEO of Camber noted, ''We have revised the Letter of Intent based on discussions with the NYSE American. This positions both parties towards a planned closing in the next four to five weeks. Our team made a successful diligence trip this week to meet with the acquisition company's management."
Chevron (CVX) (Market Cap: $227.551B; Share Price: $119.76) jolted the oil market this week by agreeing to buy rival Anadarko Petroleum (APC) (Market Cap: $31.01B; Share Price: $61.78). The oil giant is paying a whopping $50 billion for Anadarko in a combination of stock, cash, and the assumption of debt. The transaction will significantly bolster Chevron's operations in U.S. shale, the Gulf of Mexico, and liquefied natural gas. Chevron has agreed to acquire all Anadarko's outstanding shares for $33 billion, or $65 per share. The combined company will produce an estimated 3.9 million barrels of oil equivalent per day, trailing only Exxon Mobil Corp among publicly traded companies, up from fourth. It expands Chevron's reach in two areas where U.S. energy output is breaking records: shale from the Permian Basin of west Texas and New Mexico, and liquefied natural gas (LNG). These have helped make the United States one of the world's largest energy exporters. It is expected that this deal will deliver $2 billion in anticipated annual operating cost and capital synergies.
Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.
Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids.
PBF Energy Inc. (PBF) (Market Cap: $4.04B; Share Price: $33.37) announced in March that it will release its earnings results for the first quarter 2019 on Wednesday, May 1, 2019. The company will host a conference call and webcast regarding first quarter results and other business matters on Wednesday, May 1, 2019, at 8:30 a.m. ET. The call is being webcast and can be accessed at PBF Energy's website, http://www.pbfenergy.com. The call can also be accessed by dialing (800) 894-5910 or (785) 424-1052, conference ID: PBFQ119.
PBF Energy Inc. is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related facilities in California, Delaware, Louisiana, New Jersey and Ohio. Their mission is to operate their facilities in a safe, reliable and environmentally responsible manner, provide employees with a safe and rewarding workplace, become a positive influence in the communities where we do business, and provide superior returns to our investors. PBF Energy Inc. also currently indirectly owns the general partner and approximately 54% of the limited partnership interest of PBF Logistics LP.
Sunoco LP (SUN) (Market Cap: $2.557B; Share Price: $30.91) announced in March a private offering of senior notes due 2027 in an aggregate principal amount of $500 million. Sunoco Finance Corp., a wholly owned direct subsidiary of Sunoco, will serve as co-issuer of the notes. Sunoco intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under its existing $1.5 billion revolving credit facility.
Sunoco LP, together with its subsidiaries, engages in the distribution and retailing of motor fuels in the United States. The company operates through two segments, Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and major oil companies and supplies it to independently operated dealer stations, distributors and other consumer of motor fuel, and partnership operated stations, as well as to commission agent locations. It is a master limited partnership that distributes motor fuel to approximately 10,000 convenience stores, independent dealers, commercial customers and distributors located in more than 30 states. Sunoco's general partner is owned by Energy Transfer Operating, L.P., a subsidiary of Energy Transfer LP.
Priyanka Goel, CFA
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. Regal Consulting and CEI have agreed to amend the current agreement and extend it until October 2019, the amendment calls for $50,000 in cash, and 50,000 restricted 144 shares of CEI. 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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