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.

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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.

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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.

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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."

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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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