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. (NYSE: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/
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