Oil Trim’s Up On Supply; Trade Talks Scheduled This Week

Oil futures trimmed up this morning as the OPEC supply cuts and tensions in the Middle East, while gains are limited by the U.S.-China trade war that has dragged on the global marketplace and coiled oil demand.

OPEC and its allies agreed last week to prolong their supply-cutting deal until March of 2020.

Brent crude rose 16 cents to $64.27 a barrel. U.S. West Texas Intermediate crude was up 5 cents to $57.71.

“Tightened supplies have provided an undercurrent of support,” reported Gene McGillian, vice president of market research at Tradition Energy in Stamford, Connecticut. He also indicated that “the market is showing signs of stabilizing.”

One company worthy of recognition is Camber Energy, Inc. (“CEI”). Up 108.37 percent around noon on Tuesday, Camber is an independent, growth-oriented oil and gas company based in Houston, Texas, engaged in the development of crude oil, natural gas, and natural gas liquids.

Holding nearly 15,000 net drilling acres within the United States alone, Camber announced on July 9th they closed the previously announced acquisition of Lineal Star Holdings, LLC (“Lineal”) The acquisition was completed in an all-stock transaction, by the entry into an Agreement and Plan of Merger for its midstream and downstream pipeline integrity services, making them a favorable investment option in terms of production quality, volume, and sustainability.

Today we’re highlighting: Camber Energy, Inc. (NYSE American: CEI), Northern Oil & Gas, Inc. (NYSE: NOG), Transocean Ltd. (NYSE: RIG), Concho Resources Inc. (NYSE: CXO), Marathon Petroleum Corporation (NYSE: MPC).

Camber Energy, Inc. (NYSE: CEI), (Market Cap: $208.893M; Share Price: $4.54), 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. Newly acquired Lineal Industries has provided over six decades of upstream, midstream, and utilities pipeline maintenance, specialty construction and integrity services to Fortune 500 companies located in the state of Ohio, Pennsylvania, Virginia, West Virginia, Maryland and New York.

The Company plans to expand the Lineal brand by acquiring and developing complementary specialty engineering, procurement and construction energy infrastructure service businesses, as well as generating organic growth in downstream field services in Lineal Star, Lineal’s newly formed Gulf Coast based operation.

Northern Oil & Gas, Inc. (NYSE: NOG), (Market Cap: $722.044M; Share Price: $1.84), Northern Oil and Gas is an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. The company primarily holds interests in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana.

The company announced on June 2nd that it has closed on the previously announced acquisition of properties owned by VEN Bakken, LLC, a wholly owned subsidiary of Flywheel Bakken, LLC, in the core of the Williston Basin. The acquired assets are outperforming Northern’s initial estimates with an increase in both current producing wells and wells in process.


Transocean Ltd. (NYSE: RIG), (Market Cap: $3.762B; Share Price: $6.15), Transocean together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers drilling rigs, related equipment, and work crews; and ultra-deepwater and harsh environment drilling services. As of February 18, 2019, it owned or had partial ownership interests in, and operated 48 mobile offshore drilling units that consist of 31 ultra-deepwater floaters, 13 harsh environment floaters, and 4 midwater floaters. The company serves integrated oil companies or their affiliates, as well as government-controlled oil companies and independent oil companies.


Concho Resources Inc. (NYSE: CXO), (Market Cap: $19.996B; Share Price: $99.68), Concho Resources is 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. The company 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. Concho is at the forefront of applying advanced technology and large-scale development to safely and efficiently maximize resource recovery while delivering attractive, long-term economic returns.


Marathon Petroleum Corporation (NYSE: MPC), (Market Cap: $36.258B; Share Price: $54.72), Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Retail, and Midstream. The Refining & Marketing segment refines crude oil and other feed stocks at its 16 refineries in the West Coast, Gulf Coast, and Mid-Continent regions of the United States; and purchases refined products and ethanol for resale.


As the world’s two largest oil consumers are scheduled to reinitiate trade talks this week, there are still few signs that their views have changed. However, signs of stabilization could mean that it is an opportune time to invest in strong suppliers, like Camber.


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 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. legal disclaimer/

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