Energy Stocks Delivering Value
February 26, 2019 -- InvestorsHub NewsWire -- Microcap
Speculators -- Last quarter, as the sector got hammered,
energy stocks delivered the biggest earnings growth in the broad
market – showing that the heavily discounted sector still holds a
lot of growth potential for investors.
These stocks are also some of the most undervalued opportunities
in the market, making them attractive to value investors.
One energy company which we believe provides value to its
shareholders, Camber Energy (CEI), turned a nearly
30 million shareholders’ deficit into $2.3 million of positive
shareholders’ equity, increasing liquidity and extinguishing debt.
This, among several other steps, is why CEI just received a letter
from the NYSE American about regaining compliance with several of
the NYSE American’s continued-listing standards.
Today we are highlighting: Camber Energy,
Inc. (CEI), Petroleo Brasileiro S.A. (NYSE:
PBR), Concho Resources, Inc. (NYSE:
CXO), Patterson-UTI Energy, Inc. (NASDAQ:
PTEN), and Torchlight Energy Resources, Inc.
(TRCH).
We mentioned above that, Camber Energy, Inc. (CEI)
(Market Cap:
$5.957M,
Share Price:
$0.4723)
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 stock split.
So far in 2019 they are on a positive track.
Oil & Gas investors seeking competent fiscal management
should research CEI.
______
Brazil's Energy and Mines Minister, Bento Albuquerque, said on
Thursday that a long-awaited auction of the so-called
transfer-of-rights area in which oil company Petroleo
Brasileiro S.A. (NYSE:
PBR) (Market Cap: $99.934B, Share Price:
$16.24) operates, could happen in the last quarter of
2019.
______
Concho Resources, Inc. (NYSE:
CXO) (Market Cap: $21.642B, Share Price:
$108.82) filed its latest 10-K with SEC for
the fiscal year ended on December 31, 2018. Concho Resources
Inc. is an oil and natural gas company. It is engaged in the
acquisition, development, exploitation and exploration of producing
oil and natural gas properties. It operates in the Delaware Basin.
Concho Resources Inc. has a market cap of $22.52 billion.
_____
Patterson-UTI Energy, Inc. (NASDAQ:
PTEN) (Market Cap: $3.023B, Share Price:
$14.18) recently reported fourth-quarter adjusted net
loss per share of 4 cents, narrower than the Zacks Consensus
Estimate of 14 cents. The better-than-expected results can be
attributed to increase in day rates and rig margins, which in turn
supported its contract drilling segment. The Company’s performance
also improved from the year-ago loss of 10 cents per
share.
_____
Torchlight Energy Resources, Inc. (TRCH) (Market
Cap: $124.099M, Share Price: $1.77), announced that
the Company and its operating partner, Maverick Operating, have
completed the drilling phase of all three wells in the drilling
plans set out in Q4. The Company was able to confirm several
new potential Wolfcamp pay zones in addition to the existing Penn
Silt formation. Most importantly, the Company has confirmed a
deep structure in the Atoka formation on the Maverick A24 #1
well.
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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