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.
http://www.regalconsultingllc.com/full
legal disclaimer/
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SOURCE: Microcap Speculators
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