HENDERSON, NV / ACCESSWIRE / March 5, 2019 / Last week, West Texas Intermediate (WTI) crude futures gained 3% to close at $57.26 per barrel and natural gas prices rose 3.5% to $2.717 per million Btu (MMBtu). The U.S. crude benchmark rose for the sixth time in eight weeks to its highest level since November. Continued optimism surrounding talks between the United States and China to resolve the trade war boosted prices, while the commodity also drew support from the OPEC-agreed cutbacks that continue to drain global supply.
Natural gas prices registered a second successive weekly uptick following a larger-than-average decrease in supplies. Investors were also buoyed by forecasts of colder weather, which should lead to the heating fuel's robust demand.
With this optimism in the sector, there are several stocks you should look at. One that has made some promising news this year, Camber Energy (CEI), turned a nearly 30 million shareholders' deficit into $2.3 million of positive shareholders' equity, increasing liquidity and extinguishing debt.
Camber Energy, Inc. (CEI) (Market Cap: $5.663M, Share Price: $0.4490) has worked very hard recently to improve their standing with the NYSE American and spent a lot of 2018 cleaning up the company 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. 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.
Diamond Offshore Drilling (DO) (Market Cap: $1.389B, Share Price: $10.11) said it's nearly doubling rental rates for deep-water drill ships as oil explorers return to sea. The increase involves long-term rig leases beginning in 2020 and beyond, said Chief Executive Officer, Marc Edwards, on Wednesday in an interview on Bloomberg TV. The proliferation of onshore shale drilling in the past decade shattered the deep-water drilling industry and prompted some rig operators to scrap vessels that cost hundreds of millions to build.
Halcon Resources Corporation (HK) (Market Cap: $262.251M, Share Price: $1.64) announced that Floyd Wilson has resigned from his role as the Company's Chairman, Chief Executive Officer and President to pursue other interests. James Christmas, who has served as a Director of Halcón since February 2012 and also serves as Lead Independent Director and Chairman of the Audit Committee, has been appointed Non-Executive Chairman of the Board.
Noble Corporation plc (NE) (Market Cap: $761.034M, Share Price: $3.06) came out with a quarterly loss of $0.36 per share, compared to a loss of $0.29 per share a year ago. The company posted revenues of $309.89 million for the quarter ended December 2018.
Jagged Peak Energy, Inc. (JAG) (Market Cap: $2.268B, Share Price: $10.64) reported on Q4 production volumes for the fourth quarter of 2018 grew 6% sequentially from the third quarter and averaged 38.4 MBoe per day (29.1 MBbls/d oil); full-year 2018 production averaged 34.2 MBoe per day, a 102% increase from 2017. Year-end 2018 proved reserves increased by 44% to 118.9 MMBoe (60% proved developed), representing reserve replacement of 393%.
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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