Efficiency: Name of the Game in Oil & Gas
February 28 2019 - 10:00AM
InvestorsHub NewsWire
Efficiency: Name of the Game in Oil
& Gas
February 28, 2019 -- InvestorsHub NewsWire -- Microcap
Speculators -- Federal Reserve Chairman Jerome Powell’s
testimony mentioned how oil and gas prices and the cost of just
about everything else that uses oil and gas has been pushed down by
the shale boom in West Texas, where drilling is getting ever more
efficient. For investors in the industry it is about finding
companies that are providing this efficiency, both in drilling and
on their balance sheets.
One company hitting this market, Camber Energy
(CEI), turned a nearly 30 million shareholders’ deficit
into $2.3 million of positive shareholders’ equity, increasing
liquidity and extinguishing debt.
Today we are highlighting: Camber Energy,
Inc. (CEI), Ensco plc. (NYSE:
ESV), Cenovus Energy, Inc. (CVE), Transocean Ltd. (NYSE:
RIG), and Antero Resources Corporation (NYSE:
AR).
We mentioned above that, Camber Energy, Inc. (CEI)
(Market Cap:
$5.489M,
Share Price:
$0.4352)
spent a lot of 2018 cleaning up the company and improving its
efficiency. Along with extinguishing shareholder debt, the
company completed a one-for-twenty-five reverse split stock, among
several other steps which is why CEI just received a letter from
the NYSE American about regaining compliance with several of the
NYSE American’s continued-listing standards.
Oil & Gas investors seeking competent fiscal management and
efficient operations should research CEI.
______
Ensco plc. (NYSE:
ESV) (Market Cap: $1.800B, Share Price:
$4.12) 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.
______
Cenovus Energy Inc. (CVE) (Market Cap:
$11.243B, Share Price: $9.15) 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.
______
Transocean Ltd. (NYSE:
RIG) (Market Cap: $5.026B, Share Price:
$8.24) recently announced their 4Q numbers despite
revenue increasing compared with this time last year; the numbers
were seen as lackluster. The most impressive number is the
company’s respectable EBITDA margin despite much lower contract
rates and a 62% fleet utilization rate.
______
Antero Resources Corporation (NYSE:
AR) (Market Cap: $2.774B, Share Price: $8.99)
also released its 4Q numbers recently and faired a touch better
than RIG. AR’s output topped the 3 billion cubic feet
equivalent per day (Bcfe/d) mark for the quarter, which was a
record for the company. Overall, production surged 18% sequentially
and 37% year over year. The company produced an average of
162,077 barrels per day for the quarter, which was up 51% compared
with the prior-year period.
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. 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/
Microspeculators.com Full Legal Disclaimer Click Here.
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