HENDERSON, NV / ACCESSWIRE / December 27, 2018 / As the year 2018 comes to an end, the S&P 500 Index looks set to close on a negative note. The benchmark has logged nearly 10% losses since the beginning of this year. While the sell-off has been blamed on myriad woes, including weaker earnings growth, U.S.-China trade war, Fed rate hike, government shutdown worries, slowing global economy, among others, oil prices, perhaps, remains the biggest worry. These Oil & Gas stocks look poised for a rebound.
Today we are highlighting: Camber Energy, Inc. (CEI), Antero Resources Corporation (AR), Tranocean Ltd. (RIG), Nabors Industries Ltd. (NBR), and Whiting Petroleum, Inc. (WLL).
U.S. natural gas prices are at the highest levels since 2014. While this is sometimes seen as a bad thing for gas stocks which are at their lowest levels in over a decade, some companies are bucking the trend by utilizing fiscal discipline which is not always common in the industry.
Investors are rewarding companies that show the ability to keep their interests in mind in the best and worst of times. It is a good harbinger for how such companies will fare as renewables continue to grow. Smart investors have seen the arbitrage opportunity grabbing up undervalued companies keeping their balance sheet shareholder friendly.
Camber Energy, Inc. (CEI) (Market Cap: $274.205M, Share Price: $1.93) recently 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 compliance. Investors are taking notice and the stock is gaining serious traction.
The company also received an extension from NYSE American to meet listing requirements which is great news for investors especially considering the company’s recent uptick in activity.
Antero Resources Corporation (AR) (Market Cap: $3.13B, Share Price: $9.87) announced that Paul J. Korus has been appointed to its board of directors (the "Board") as a Class II director. Mr. Korus is an independent director under the director independence standards set forth in the rules and regulations of the Securities and Exchange Commission and the applicable listing standards of the New York Stock Exchange.
Transocean Ltd. (RIG) (Market Cap: $4.253B, Share Price: $6.98) just announced that its shareholders approved the acquisition of Ocean Rig UDW Inc. by approving the proposals presented at Transocean's Extraordinary General Meeting.
Nabors Industries Ltd. (NBR) (Market Cap: $737.058M, Share Price: $2.06), reported third-quarter 2018 adjusted loss from continuing operations of 31 cents per share, wider than the Zacks Consensus Estimate of 19 cents due to lower international margins and increased expenses. However, the reported figure was narrower than the year-ago adjusted loss of 42 cents per share due to strong performance from its U.S. Drilling segment.
Whiting Petroleum, Inc.'s (WLL) (Market Cap: $2.011B, Share Price: $21.83) 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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