Climate Forces Oil Cos to Improve
Efficiency
May 3, 2019 -- InvestorsHub NewsWire -- Microcap Speculators --
Weighed down by lower oil prices, narrower refining margins and
weak LNG prices, profits at the largest integrated oil companies
shrank in the first quarter. These factors call for oil companies
to improve their efficiency.
One oil & gas exploration company that has done a great job
improving its efficiency over the past 12 months is Camber
Energy (AMEX:
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.
WHY NOW? The company plans 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 a midstream pipeline integrity
services, specialty construction and field services company in an
all-stock transaction.
Today we’re highlighting: Camber Energy, Inc. (AMEX:
CEI), Exxon Mobil Corporation (NYSE:
XOM), TOTAL S.A. (TOT), BP p.l.c. (NYSE:
BP), and Chevron Corporation (NYSE:
CVX).
Camber Energy, Inc. (AMEX:
CEI) (Market Cap:
$6.23M;
Share Price: $0.3117)
turned a nearly $30 million shareholder deficit into $2.3 million
of positive shareholders’ 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. The company also announced the execution of a
revised non-binding Letter of Intent in connection with the
company's previously announced planned acquisition of a
midstream pipeline integrity services, specialty construction and
field services company in an all-stock transaction.
Louis G. Schott, the Interim CEO of Camber noted, ''We have
revised the Letter of Intent based on discussions with the NYSE
American. This positions both parties towards a planned closing in
the next few weeks. Our team made a successful diligence trip
recently to meet with the acquisition company's management.”
________
Exxon Mobil Corporation (NYSE:
XOM) (Market Cap:
$327.014B;
Share Price:
$77.29) missed
on top- and bottom-line expectations but is only down a bit.
Since the company rallied quite a bit over the past few months, XOM
shareholders are pleasantly surprised it's not down more.
________
TOTAL S.A. (TOT) (Market Cap: $145.622B; Share
Price: $55.09)’s Board of
Directors on April 25, 2019 declared the distribution of the first
2019 interim dividend at an amount of €0.66/share, an increase of
3.1% from the 2018 interim dividends paid and the proposed final
dividend, in accordance with the shareholder return policy from
2018 to 2020.
________
BP p.l.c. (NYSE:
BP) (Market Cap: $144.858B; Share Price:
$42.63) has signed a deal to explore for oil and gas
off Gambia's coast in a potential economic boon for the tiny West
African country, although another producer says it owns the rights
to the same license.
BP was awarded the license to the A1 block, the Gambian
government said late on Tuesday, a deal which comes as producers
seek to emulate oil and gas finds in neighboring Senegal and
Mauritania that have attracted oil majors from across the
globe.
________
Chevron Corporation (NYSE:
CVX) (Market Cap: $221.693B; Share Price:
$116.38) and Occidental are locked in the biggest
oil-industry takeover battle in years as they eye Anadarko's prized
assets in West Texas' huge Permian shale oilfield.
Anadarko on Monday agreed to start negotiations with Occidental,
saying its bid may potentially be superior to Chevron's existing
deal to buy Anadarko for $33 billion in cash and stock.
________
Signed by
Priyanka Goel, CFA
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/
Full Legal Disclaimer Click Here.
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SOURCE: Microcap Speculators
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