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U.S. Navy Suspects Iran’s Involvement in Oil Tanker Attacks; Tensions Remain High

Commander Sean Kido, a U.S. Navy Investigator, has discovered what he believes is evidence of Iran’s involvement in the attacks on the oil tankers in the Strait of Hormuz earlier this month.

In an interview with reporters on Wednesday, he indicated that his team of investigators were able to recover a device used to attach a mine to the skin of the ship. The mine identified is of striking resemblance to that of the mines that have been publicly displayed in Iranian military parades.

As tensions remain high, many oil companies are left questioning whether or not additional attacks are to come.

One company that is free from worry is Camber Energy, Inc. (CEI). CEI is a company focused on crude oil and natural gas development. With a domestic presence in the United States, they are a company with less risk of falling victim to foreign oil attacks and importation delays. 

Today we’re highlighting: Camber Energy, Inc. (NYSE American: CEI), Exxon Mobil Corporation (NYSE: XOM), Valero Energy Corporation (NYSE: VLO), TOTAL S.A. (OTCPINK: TTFNF), China Petroleum & Chemical Corporation (NYSE: SNP).  

Camber Energy, Inc. (NYSE American: CEI), (Market Cap: $3.324M; Share Price: $0.16), Camber Energy is a growth-oriented, independent oil and gas company engaged in the development of crude oil, natural gas and natural gas liquids in the Texas Panhandle as well as other basins. CEI acquired over 13,000 net acres in the liquid-rich Hunton formation in Central

Oklahoma, and 553 net acres in the Permian Basin of Texas pursuant to the Company’s transaction with Segundo Resources, et al., which closed in August of 2016. In January 2017, they established an initial leasehold position by acquiring 3,630 net acres in pursuit of the San Andres play on the Central Basin Platform region of the Permian Basin. This expands the Company’s exposure and its asset base in the Permian.

Exxon Mobil Corporation (NYSE: XOM), (Market Cap: $318.897B Share Price: $75.74), 

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. The company operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals. As of December 31, 2018, it had approximately 24,696 net operated wells with proved reserves of 24.3 billion oil-equivalent barrels.

Valero Energy Corporation (NYSE: VLO), (Market Cap: $32.776B Share Price: $78.56), Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products. As of December 31, 2018, the company owned 15 petroleum refineries with a combined throughput capacity of approximately 3.1 million barrels per day. It markets its refined products through wholesale rack and bulk markets; and through approximately 7,000 outlets under the Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco brand names. The company also produces and sells ethanol, distiller grains, and corn oil primarily to refiners and gasoline blenders, as well as to animal feed customers. It owns and operates 14 ethanol plants with a combined ethanol production capacity of approximately 1.73 billion gallons per year. In addition, the company owns, operates, develops, and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets that provides transportation and terminaling services.

TOTAL S.A. (OTCPINK: TTFNF), (Market Cap: $124.727B Share Price: $53.80), TOTAL S.A. operates as an integrated oil and gas company worldwide. The company operates through four segments: Exploration & Production; Gas, Renewables & Power; Refining & Chemicals; and Marketing & Services. The Exploration & Production segment is involved in exploration and production activities in approximately 50 countries, and produces oil or gas in approximately 30 countries. The Gas, Renewables & Power segment engages in the liquefied natural gas(LNG) production, shipping, trading, and regasification activities; trading of liquefied petroleum gas (LPG), petcoke and sulfur, and natural gas and electricity; transportation of natural gas; electricity production from natural gas, wind, solar, hydroelectric, and biogas sources; and energy storage activities. The Refining & Chemicals segment is involved in refining petrochemicals, including olefins and aromatics; and polymer derivatives, such as polyethylene, polypropylene, polystyrene, and hydrocarbon resins, as well as biomass conversion and elastomer processing. It also engages in trading and shipping crude oil and petroleum products. 

China Petroleum & Chemical Corporation (NYSE: SNP), (Market Cap: $80.981B Share Price: $66.50), China Petroleum & Chemical Corporation, is an energy and chemical company, engages in oil and gas, and chemical operations in the People’s Republic of China. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others. The company explores for and develops oil fields; produces crude oil and natural gas; processes and purifies crude oil; and manufactures and sells petroleum products. It also owns and operates oil depots and service stations; and distributes and sells refined petroleum products, including gasoline and diesel through wholesale and retail sales networks.

It is now up to the United States to confirm that Iran was at-fault for a series of attacks on oil tankers near the Strait of Hormuz, which currently accounts for roughly 40 percent of the world’s seaborne oil transportation. 

 

 

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. 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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