Stocks to Watch as Oil & Gas
Prices Stabilize
May 30, 2019 -- InvestorsHub NewsWire -- via microcapspeculators.com --
Oil & gas prices are beginning to stabilize, and that means
companies engaged in exploration are upping their efforts - and
finding more success - because of the increased stability and
reduced risk.
One stock we’re watching closely is Camber Energy
(AMEX:
CEI). CEI is finalizing closing documents for
the planned combination transaction of Lineal Star
Holdings www.LinealStar.com, which the company expects to
complete by Friday, May 31, 2019. It has already received
preliminary non-binding approval from the staff of the NYSE
American of the planned terms. 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. Start your research
now.
Today we’re highlighting: Camber Energy, Inc. (AMEX:
CEI), Concho Resources Inc. (NYSE:
CXO), Noble Energy, Inc. (NBL), NextEra Energy, Inc. (NYSE:
NEE) and Marathon Petroleum Corporation (NYSE:
MPC).
Camber Energy, Inc. (AMEX:
CEI) (Market Cap:
$4.221M;
Share Price:
$0.2112) 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.
_________
Concho Resources Inc. (NYSE:
CXO) (Market Cap:
$20.013B;
Share Price:
$100.49) announced in April
‘19 that Oryx Southern Delaware Holdings, LLC, the owner of the
Oryx I oil gathering and transportation system has entered into an
agreement to sell 100% of the equity interests in its subsidiaries
to Stonepeak Infrastructure Partners for $2.07 billion.
Concho owns a 23.75% equity interest in Oryx and will receive
approximately $300 million at closing after repayment of Oryx’s
outstanding borrowings.
In April ’19, Concho Resources Inc. and Frontier Midstream
Solutions IV, LLC ("Frontier") announced that Concho and Frontier
have executed an agreement to create Beta Crude Connector, LLC
("BCC"). Concho and Frontier will each own a 50% equity interest in
BCC, with Frontier serving as operator. BCC will build and provide
crude oil gathering, transportation and storage services in the
Northern Midland Basin, supporting continued oil production growth
in the region.
Concho Resources Inc., an independent oil and natural gas
company, engages in the acquisition, development, and exploration
of oil and natural gas properties in the United States. The
company's principal operating areas are located in the Permian
Basin of southeast New Mexico and west Texas. As of December
31, 2018, its estimated proved reserves totaled 1.2 billion barrels
of oil equivalent. The company was founded in 2006 and is
headquartered in Midland, Texas. It is one of the largest
unconventional shale producers in the Permian Basin, with
operations focused on acquiring, exploring, developing and
producing oil and natural gas resources.
________
Noble Energy, Inc. (NBL) (Market Cap:
$10.445B;
Share Price:
$21.84) recently
announced 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. Capital expenditures for the project
will be incurred in 2019 and 2020, and these amounts have already
been included in the company's previously communicated capital
expenditure guidance. 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.
________
NextEra Energy, Inc. (NYSE:
NEE) (Market Cap:
$95.174B;
Share Price: $198.72) posted its first-quarter 2019
financial results in a news release available on the company's
website by accessing the following
link: www.NextEraEnergy.com/FinancialResults.
NextEra Energy, Inc. has been recognized as one of Forbes'
America's Best Employers for the fourth consecutive year. NextEra
Energy, whose businesses include Florida Power & Light Company,
Gulf Power Company and NextEra Energy Resources, LLC, is one of
only 1,000 employers to receive this honor across the
U.S.
NextEra Energy, Inc., through its subsidiaries, generates,
transmits, distributes, and sells electric power to retail and
wholesale customers in North America. The company generates
electricity through wind, solar, nuclear, and natural gas-fired
facilities. It also develops, constructs, and operates
long-term contracted assets with a focus on renewable generation
facilities, natural gas pipelines, and battery storage projects;
and owns, develops, constructs, manages and operates electric
generation facilities in wholesale energy markets. It owns
two electric companies in Florida: Florida Power & Light
Company, which serves more than 5 million customer accounts in
Florida and is the largest rate-regulated electric utility in the
United States as measured by retail electricity produced and sold;
and Gulf Power Company, which serves more than 460,000 customers in
eight counties throughout Northwest Florida. NextEra Energy also
owns a competitive energy business, NextEra Energy Resources, LLC,
which, together with its affiliated entities, is the world's
largest generator of renewable energy from the wind and sun and a
world leader in battery storage. Through its subsidiaries, NextEra
Energy generates clean, emissions-free electricity from eight
commercial nuclear power units in Florida, New Hampshire, Iowa and
Wisconsin. A Fortune 200 company and included in the S&P 100
index, NextEra Energy has been recognized often by third parties
for its efforts in sustainability, corporate responsibility, ethics
and compliance, and diversity. NextEra Energy is ranked No. 1 in
the electric and gas utilities industry on Fortune's 2019 list of
"World's Most Admired Companies" and ranked among the top 25 on
Fortune's 2018 list of companies that "Change the
World."
________
For the second consecutive year, Marathon Petroleum
Corporation (NYSE:
MPC) (Market Share:
$32.462B;
Share Price:
$48.99) has earned the U.S.
Environmental Protection Agency, ENERGY STAR Partner of the Year
award, which recognizes not just top-tier energy efficiency across
its business, but also excellent environmental compliance.
It recently announced that its wholly owned subsidiaries,
including Speedway LLC, have entered into a definitive purchase
agreement to acquire a 900,000-barrel capacity light product and
asphalt terminal and 33 NOCO Express retail stores in Buffalo, New
York, from NOCO Incorporated. "This acquisition supports MPC's
Midwest product placement strategy and builds upon prior
investments, including Speedway's acquisition of 78 Express Mart
locations in western New York, to maximize our refinery
utilization," said MPC Chairman and Chief Executive Officer Gary R.
Heminger.
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.
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