Oil & Gas Stock with Big
News
May 24, 2019 -- InvestorsHub NewsWire -- via microcapspeculators.com --
In a week where oil prices settled lower but natural gas futures
posted a gain, one play in the oil & gas exploration industry
caught our attention: Camber Energy (AMEX:
CEI). CEI is set to close on 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.
Today, Lineal Star Holdings announced 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. The company has also improved the efficiency of
their operations, which will improve their output in 2019 as we
highlight below.
Today we’re highlighting: Camber Energy, Inc. (AMEX:
CEI), Pacific Ethanol, Inc. (PEIX), Marathon
Petroleum Corporation (NYSE:
MPC), Helmerich & Payne, Inc. (NYSE:
HP), and Cabot Oil & Gas Corporation (NYSE:
COG).
Camber Energy, Inc. (AMEX:
CEI) (Market Cap: $3.903M; Share Price:
$0.1953) announced estimates that gross January 2019
production will improve by approximately 60 percent from the month
of December 2018. The company also turned a nearly
$30 million shareholder deficit to a $2.3 million of positive
shareholder’s 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.
_______
Pacific Ethanol, Inc. (PEIX) (Market Cap: $49.859M; Share
Price: $0.9998) announced last month that Pacific Ethanol
Pekin, LLC and Kinergy Marketing LLC, each a direct or indirect
wholly-owned subsidiary of Pacific Ethanol, Inc., entered into
amendments to their credit agreements and related agreements with
their respective lenders which returns Pekin to full compliance
with its credit facility and provides additional liquidity under
the Kinergy credit agreement to help facilitate the company’s
strategic initiatives.
Pacific Ethanol, Inc. produces and markets low-carbon renewable
fuels and alcohol products in the United States. The company
operates in two segments, Production and Marketing. It produces and
markets ethanol; and co-products, such as wet and dry distillers’
grains, wet and dry corn gluten feed, condensed distillers soluble,
corn gluten meal, corn germ, corn oil, distillers’ yeast, and CO2,
as well as markets ethanol produced by third parties.
________
For the second consecutive year, Marathon Petroleum
Corporation (NYSE:
MPC) (Market Share: $33.376B Share Price:
$50.37) 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.
________
Helmerich & Payne, Inc. (NYSE:
HP) (Market Cap: $5.648B; Share Price:
$51.11) has an expected earnings growth rate of
1,107.4% for the current year. The Zacks Consensus Estimate
for the current year has improved 32.3% over the past 60
days. Helmerich & Payne Inc. primarily engages in
drilling oil and gas wells for exploration and production companies
and has a Zacks Rank #2. The company operates through U.S.
Land, Offshore, and International Land segments.
________
Cabot Oil & Gas Corporation (NYSE:
COG) (Market Cap: $10.908B; Share Price:
$25.77) has an expected earnings growth rate of 63.9%
for the current year and the Zacks Consensus Estimate for the
current year has improved 7.1% over the past 60 days. It
recently announced the best year of its nearly three-decade public
company history that provided record financial results, the
culmination and in-service of several long-dated infrastructure
initiatives, and continued momentum on the free cash flow
front. Cabot Oil & Gas Corporation, an independent oil
and gas company, explores for, exploits, develops, produces, and
markets natural gas, oil, and natural gas liquids in the United
States and carries a Zack Rank #2. It primarily focuses on
the Marcellus Shale with approximately 174,000 net acres in the dry
gas window of the play located in Susquehanna County,
Pennsylvania.
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/
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