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

BP (NYSE:BP)
Historical Stock Chart
From Mar 2024 to Apr 2024