May 3, 2019 — InvestorsHub NewsWire — Microcap Speculators — Weighed down by lower oil prices, narrower refining margins and weak LNG prices, profits at the largest integrated oil companies shrank in the first quarter. These factors call for oil companies to improve their efficiency.
One oil & gas exploration company that has done a great job improving its efficiency over the past 12 months is Camber Energy (AMEX: CEI). CEI has worked very hard recently to improve their standing with the NYSE American and spent a lot of 2018 cleaning up its 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.
WHY NOW? The company plans to close on an acquisition within the next couple weeks. It has already received preliminary non-binding approval from the staff of the NYSE American of the planned terms of its contemplated acquisition of a midstream pipeline integrity services, specialty construction and field services company in an all-stock transaction.
Today we’re highlighting: Camber Energy, Inc. (AMEX: CEI), Exxon Mobil Corporation (NYSE: XOM), TOTAL S.A. (TOT), BP p.l.c. (NYSE: BP), and Chevron Corporation (NYSE: CVX).
Camber Energy, Inc. (AMEX: CEI) (Market Cap: $6.23M; Share Price: $0.3117) turned a nearly $30 million shareholder deficit into $2.3 million of positive shareholders’ 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 few weeks. Our team made a successful diligence trip recently to meet with the acquisition company’s management.”
Exxon Mobil Corporation (NYSE: XOM) (Market Cap: $327.014B; Share Price: $77.29) missed on top- and bottom-line expectations but is only down a bit. Since the company rallied quite a bit over the past few months, XOM shareholders are pleasantly surprised it’s not down more.
TOTAL S.A. (TOT) (Market Cap: $145.622B; Share Price: $55.09)’s Board of Directors on April 25, 2019 declared the distribution of the first 2019 interim dividend at an amount of €0.66/share, an increase of 3.1% from the 2018 interim dividends paid and the proposed final dividend, in accordance with the shareholder return policy from 2018 to 2020.
BP p.l.c. (NYSE: BP) (Market Cap: $144.858B; Share Price: $42.63) has signed a deal to explore for oil and gas off Gambia’s coast in a potential economic boon for the tiny West African country, although another producer says it owns the rights to the same license.
BP was awarded the license to the A1 block, the Gambian government said late on Tuesday, a deal which comes as producers seek to emulate oil and gas finds in neighboring Senegal and Mauritania that have attracted oil majors from across the globe.
Chevron Corporation (NYSE: CVX) (Market Cap: $221.693B; Share Price: $116.38) and Occidental are locked in the biggest oil-industry takeover battle in years as they eye Anadarko’s prized assets in West Texas’ huge Permian shale oilfield.
Anadarko on Monday agreed to start negotiations with Occidental, saying its bid may potentially be superior to Chevron’s existing deal to buy Anadarko for $33 billion in cash and stock.
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.
http://www.regalconsultingllc.com/full legal disclaimer/
Full Legal Disclaimer Click Here.
Company Name: ACR Communication LLC.
Contact Person: Media Manager
Email: [email protected]
Country: United States
SOURCE: Microcap Speculators