HENDERSON, NV / ACCESSWIRE / February 22, 2019 / Oil and gas stocks have been on fire for several reasons. A couple exploration plays in particular have been seeing increased investor interest.
One we like a lot is Camber Energy (CEI). The company spent most of the latter half of 2018 getting their business in order. It is starting to pay off as the company just received a letter from the NYSE American confirming their re-compliance with several listing standards. This is one of several major strides the company has made in 2019 and investors are taking notice. Start your research on CEI today.
We mentioned above that Camber Energy, Inc. (CEI) (Market Cap: $6.29M, Share Price: $0.4987) spent a lot of 2018 cleaning up the company and improving its efficiency. Specifically, they turned a nearly 30 million shareholders' deficits into $2.3 million of positive shareholders' equity, increasing liquidity, extinguishing debt and fast tracking the company for regaining NYSE American continued-listing 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 potential acquisitions, and we believe they are in a good position financially to do so.
CEI is back on track and investors are getting on board; do your due diligence now.
Ensco plc. (ESV) (Market Cap: $1.973B, Share Price: $4.54) announced it will hold its fourth quarter and full-year 2018 earnings conference call at 9:00 a.m. CT (10:00 a.m. ET and 3:00 p.m. London) on Thursday, 28 February 2019. The earnings release will be issued before the New York Stock Exchange opens that morning.
Another company set to release their 4th quarter numbers, Nabors Industries Ltd. (NBR) (Market Cap: $1.123B Share Price: $3.14), will do so earnings after the market closes on February 26, 2019. They will also host a conference call discussing the report Wednesday, February 27th at 10:00 a.m. Central Time for a discussion of operating results for the fourth quarter ended December 31, 2018.
Cenovus Energy Inc. (CVE) (Market Cap: $10.679B, Share Price: $8.71) 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: $286.237M, Share Price: $1.79) 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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