Big Acq. Makes This Oil & Gas
Stock Hot
May 24, 2019 -- InvestorsHub NewsWire -- via microcapspeculators.com --
Before we get into our oil & gas stock watchlist, we want to
highlight one that has had a nice run of news: Camber
Energy (AMEX:
CEI). CEI is planning to close 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.
Lineal Star Holdings also announced that it has signed a
non-binding letter of intent to purchase a Houston based
Engineering and Procurement firm. Camber has further been
advised that the acquisition is designed to expand Lineal's current
service offering to a full range of engineering, procurement,
specialty construction and upstream, midstream and downstream field
services. This is big news for 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.
Today we’re highlighting: Camber Energy, Inc. (AMEX:
CEI), Exxon Mobil Corporation (NYSE:
XOM), TOTAL S.A. (NYSE:
TOT), BP p.l.c. (NYSE:
BP), and Sunoco (SUN).
Camber Energy, Inc. (AMEX:
CEI) (Market Cap:
$4.147M;
Share Price:
$0.2075) 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.
________
Exxon Mobil Corporation (NYSE:
XOM) (Market Cap:
$312.889B;
Share Price:
$73.95) 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. (NYSE:
TOT) (Market Cap: $140.934B; Share Price:
$53.23)’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: $142.975B; Share Price:
$41.44) 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.
________
Sunoco LP (SUN) (Market Cap: $2.511B; Share Price:
$30.35) announced in March a private offering of
senior notes due 2027 in an aggregate principal amount of $500
million. Sunoco Finance Corp., a wholly owned direct subsidiary of
Sunoco, will serve as co-issuer of the notes. Sunoco intends to use
the net proceeds from the offering to repay a portion of the
outstanding borrowings under its existing $1.5 billion revolving
credit facility.
Sunoco LP, together with its subsidiaries, engages in the
distribution and retailing of motor fuels in the United
States. The company operates through two segments, Fuel
Distribution and Marketing, and All Other. The Fuel
Distribution and Marketing segment purchases motor fuel from
independent refiners and major oil companies and supplies it to
independently operated dealer stations, distributors and other
consumer of motor fuel, and partnership operated stations, as well
as to commission agent locations. It is a master limited
partnership that distributes motor fuel to approximately 10,000
convenience stores, independent dealers, commercial customers and
distributors located in more than 30 states. Sunoco's general
partner is owned by Energy Transfer Operating, L.P., a subsidiary
of Energy Transfer LP.
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/
Full Legal Disclaimer Click Here.
Contact Information:
Company Name: ACR Communication LLC.
Contact Person: Media Manager
Email: info@microcapspeculators.com
Phone: 1-702-720-6310
Country: United States
SOURCE: microcapspeculators.com
Camber Energy (AMEX:CEI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Camber Energy (AMEX:CEI)
Historical Stock Chart
From Sep 2023 to Sep 2024