Gas Company Impresses Shareholders With Impressive 10-Q
Two sectors we see a lot of value in right now are oil and gas exploration as well as cannabis stocks
HENDERSON, NV / ACCESSWIRE / November 19, 2018 / Today we are highlighting: Camber Energy, Inc. (CEI), Aurora Cannabis, Inc. (ACB), MedMen, Inc. (MMNFF), The Green Organic Dutchman Holdings, Ltd. (TGODF), and Halcon Resources Corporation (HK).
U.S. natural gas prices have leapt to the highest level for more than four years. Gas stocks are at the lowest seasonal level for 15 years and around 15-16 percent lower than at the same point last year and the five-year average, according to data from the U.S. Energy Information Administration. Investors have been shaken by concerns that demand for oil and natural gas will weaken as global growth slows and the use of renewable energy sources increases. Yet those worries may be overblown. And the shares of many energy companies look attractive after a recent 15% retreat in the sector.
The key has been a shareholder-friendly approach. Energy companies have shown greater financial discipline by reining in capital spending and returning more cash to shareholders.
Camber Energy, Inc. (CEI) (Market Cap: $22.35M Share Price: $0.19) is a prime example of fiscal discipline in the sector which could gain the company major traction. CEI recently extinguished all of its bank debt with International Bank of Commerce as part of the sale of certain assets. Additionally, the Company has improved its cash position, providing boosting the company's liquidity.
The most impressive part of Camber Energy's recent filing is the improvement they made in their equity position from having stockholders' deficit of $28.1 million as of June 30, 2018, to having positive stockholders' equity of $2.3 million as of September 30, 2018, as reported in the Form 10-Q, an improvement of $30.4 million.
This is a major milestone towards regaining NYSE American compliance.
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Aurora Cannabis, Inc. (ACB) (Market Cap: $6.30B Share Price: $6.70) a recent addition to the NYSE has seen its value drop as investors have soured on cannabis companies temporarily. However, Aurora Cannabis Inc. (ACB), just announced the official opening of its latest high-tech cannabis production facility in Lachute, Quebec; the company is calling it "Eau." At 48,000 square feet, with 11 purpose-built grow rooms, Aurora Eau will produce up to 4,500 kg of high-quality cannabis per year, all in a facility with some of the lowest electricity costs in North America. It is designed to grow niche varieties of cannabis for the premium medical and adult consumer use markets in Quebec, Canada and around the world. Eau becomes Aurora's second production facility in Quebec , the first being Aurora Vie, a 40,000 square foot indoor grow facility in Pointe Claire, Quebec. Investors may find value at these low prices.
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Another cannabis stocks that has retreated in recent sessions, and may be worth a look is MadMed Enterprises, Inc. (MMNFF). (Market Cap: $1.84B Share Price: $4.19) The company's $120 million financing is set to close on December 4th. This deal should help the company add to its growing base of 19 licensed legal marijuana facilities. The company calls itself "the most dominant cannabis enterprise in the emerging legal marijuana industry" and is also one of the nation's largest financial supporters of progressive marijuana laws.
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Canada has North America's most progressive marijuana laws, dually listed Canadian company The Green Organic Dutchman Holdings, Ltd. (TGODF) (Market Cap: $696.26M Share Price: $2.57) just inked a deal with Velvet Management Inc. for sales and distribution to provincial liquor and cannabis boards across Canada . Velvet is a new company with distinct ownership created by the largest wine distributor in Canada , Philippe Dandurand Wines .
TGOD is committed to best-in-class distribution for its premium, certified organic cannabis. Sales and relationships with provincial cannabis and liquor boards is a critical aspect to TGODF. Which is why the company has secured a strong entry point with every provincial liquor and cannabis board across Canada.
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Circling back to the undervalued oil and gas exploration sector, another company that investors could see gains from is Halcon Resources Corporation (HK) (Market Cap: $474.93M Share Price: $2.97) the company posted revenues of $61.60 million for the quarter ended September 2018, surpassing the Zacks Consensus Estimate by 11.81%. This compares to year-ago revenues of $96.95 million. The company has topped consensus revenue estimates three times over the last four quarters.
Legal Disclaimer:
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 microcapspecultors.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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