Las Vegas, NV -- June 3, 2019 -- InvestorsHub NewsWire -- via MicrocapSpeculators.com
Last week, oil hit two-month lows and gas notched a loss as well, however, some companies in the sector look like they are seeing tailwinds.
Camber Energy (CEI) is one of them. CEI is finalizing closing documents for the planned combination transaction of Lineal Star Holdings www.LinealStar.com, which the company expected to complete by Friday, May 31, 2019. This means we could hear news on this any day. 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. (CEI), Pacific Ethanol, Inc. (PEIX), Marathon Petroleum Corporation (MPC), Helmerich & Payne, Inc. (HP), and Cabot Oil & Gas Corporation (COG).
Camber Energy, Inc. (CEI) (Market Cap: $4.347M; Share Price: $0.2175) 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.
Pacific Ethanol, Inc. (PEIX) (Market Cap: $48.358M; Share Price: $0.9697) 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 (MPC) (Market Share: $30.474B; Share Price: $45.99) 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.
Helmerich & Payne, Inc. (HP) (Market Cap: $5.405B; Share Price: $48.91) 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 (COG) (Market Cap: $10.591B; Share Price: $25.02) 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.
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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