Oil Prices Rise, Watch These Stocks

Date : 05/07/2019 @ 4:20PM
Source :InvestorsHub NewsWire
Stock : Cabot Oil & Gas Corp. (COG)
Quote : 22.32  -0.08 (-0.36%) @ 12:59AM

Oil Prices Rise, Watch These Stocks

Oil Prices Rise, Watch These Stocks


May 7, 2019 -- InvestorsHub NewsWire -- Microcap Speculators -- Oil prices edged up on Friday, as strong U.S. economic data boosted demand sentiment and as production losses in sanctions-hit Iran and Venezuela tightened the market.

One oil & gas exploration company that has done a great job improving its efficiency over the past 12 months and is planning to complete a major deal is Camber Energy (AMEX: CEI).  CEI has entered into a letter of intent and is working towards closing 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 Lineal Star Holdings (www.LinealStar.com) in an all-stock transaction.  Lineal's primary operating subsidiary has been in the pipeline integrity, construction and services industry for 64 years.  It has Master Service Agreements in Pennsylvania, Ohio and West Virginia, with planned growth in Texas, the Gulf South and Mid-Continent.  Last week, CEI also announced a revised letter of intent with Lineal Star Holdings.

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.  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.

Today we’re highlighting: Camber Energy, Inc. (AMEX: CEI), Noble Energy, Inc. (NBL), Dril-Quip, Inc. (NYSE: DRQ), Helmerich & Payne, Inc. (NYSE: HP), and Cabot Oil & Gas Corporation (NYSE: COG).

Camber Energy, Inc. (AMEX: CEI) (Market Cap:
$6.196M; Share Price: $0.3100) 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.


Noble Energy, Inc. (NBL) (Market Cap: $11.846B; Share Price: $24.77) announced in April that it has approved the development of the Alen natural gas project situated offshore Equatorial Guinea.  Gross capital expenditure for the development of this project is estimated to be $330 million, of which the company’s share is nearly $165 million.  Natural gas from the Alen field will be processed through the existing Alba Plant LLC liquefied petroleum gas processing plant and EG LNG’s liquefied natural gas production facility located at Punta Europa, Bioko Island.

Noble Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide.  The company owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins.  Its principal assets are located in the US onshore unconventional basins and various global offshore conventional basins in the Eastern Mediterranean and off the west coast of Africa.   


Dril-Quip, Inc. (NYSE: DRQ) (Market Cap: $1.546B; Share Price: $42.67) has an expected earnings growth rate of 76.2% for the current year.  The Zacks Consensus Estimate for the current year has improved 69.4% over the past 60 days as of March 2019, and it carries a Zacks Rank #2.  Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services onshore and offshore drilling and production equipment for use in deep water, harsh environment, and severe service applications worldwide.




Helmerich & Payne, Inc. (NYSE: HP) (Market Cap: $6.353B; Share Price: $57.49) has an expected earnings growth rate of 1,107.4% for the current year.  The Zacks Consensus Estimate for the current year has improved 32.3% over the past 60 days as of March 2019.  Helmerich & Payne Inc. primarily engages in drilling oil and gas wells for exploration and production companies and has a Zacks Rank #2.  The company operates through U.S. Land, Offshore, and International Land segments.   


Cabot Oil & Gas Corporation (NYSE: COG) (Market Cap: $10.781B; Share Price: $25.47) has an expected earnings growth rate of 63.9% for the current year and the Zacks Consensus Estimate for the current year has improved 7.1% over the past 60 days, as of March 2019.  It recently announced the best year of its nearly three-decade public company history that provided record financial results, the culmination and in-service of several long-dated infrastructure initiatives, and continued momentum on the free cash flow front. Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and carries a Zack Rank #2.  It primarily focuses on the Marcellus Shale with approximately 174,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.



Signed by

Priyanka Goel, CFA


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.   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.



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