Potential Strait Closure Causes Volatility and Uncertainty In Market

Aramco CEO, Amin Nasr, recently indicated to reporters that oil flows in the exchange are guaranteed, notwithstanding disruption in the Strait of Hormuz.

Provided the current tensions in the Gulf and the likelihood of a temporary closure of the Strait of Hormuz, some feel Nasr’s statement it is a bit unrealistic.

Aramco, the world’s biggest oil company, owns a crude oil pipeline with the capacity of producing 5 million BPD through the Arabian Gulf and the Red Sea. Even though they are capable of high-volume production, arguments have been made that Aramco is not capable of keeping the necessary crude oil production volumes flowing to Asian and European markets at an optimal rate in the event of a full Strait of Hormuz closure.

Even if the waterway was closed for a few hours, it would more than likely cause a major spike in oil prices, which would undoubtedly affect consumers on a global scale.

Provided the volatility and uncertainty in the market, one company worth paying attention to is Camber Energy, Inc. (“CEI”) (“Camber”).

Camber is a self-sufficient, growth-oriented crude oil and gas company based in Houston, Texas.

With nearly 15,000 net drilling acres within the U.S. alone, they are engaged in the development of crude oil, natural gas, and natural gas liquids.

In a recent press release, the company reportedly turned a nearly $30 million shareholders’ deficit into $2.3 million of positive shareholders’ equities, increasing liquidity and extinguishing the debt.

Today we’re highlighting: Camber Energy, Inc. (NYSE: CEI), Eni S.p.A. (NYSE: E), CNOOC Limited (NYSE: CEO), Ecopetrol S.A. (NYSE: EC), Repsol, S.A. (OTCQX: REPYY).

Camber Energy, Inc. (NYSE: CEI), (Market Cap: $3.024M; Share Price: $0.1513, 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. On June 20, 2019 the company provided the final agreements related to its Preferred C Shareholder to the NYSE American in Connection with its planned acquisition of Lineal Star Holdings. 

Eni S.p.A. (NYSE: E), (Market Cap: $60.452B Share Price: $33.12), Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 43 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Iraq, Indonesia, Ghana, Mozambique, Oman, and the United Arab Emirates. It also supplies, trades in, and markets gas and electricity; transports international gas; supplies crude oil; and refines and markets petroleum products at retail and wholesale markets primarily in Italy and rest of Europe.

CNOOC Limited (NYSE: CEO), (Market Cap: $76.427B; Share Price: $170.35), CNOOC Limited, an investment holding company, explores for, develops, produces, and sells crude oil and natural gas. The company operates through Exploration and Production, and Trading Business segments. It produces offshore crude oil and natural gas primarily in Bohai, Western South China Sea, Eastern South China Sea, and East China Sea in offshore China. The company also holds interests in various oil and gas assets in Asia, Africa, North America, South America, Oceania, and Europe. 

Ecopetrol S.A. (NYSE: EC), (Market Cap: $37.601B; Share Price: $18.29), Ecopetrol S.A. operates as an integrated oil and gas company. The company operates through three segments: Exploration and Production; Transport and Logistics; and Refining, Petrochemical, and Biofuels. It produces crude oil and gas; and engages in the extraction, collection, treatment, storage, commercialization, and pumping. The company has 9,071 kilometers of transportation pipeline systems. It also transports and distributes hydrocarbons, derivatives, and products. In addition, the company produces and markets polypropylene resin, compounds, and masterbatches; and offers refined and petrochemical products, as well as industrial service sales to customers.

Repsol, S.A. (OTCQX: REPYY), (Market Cap: $23.59B; Share Price: $15.60), Repsol, S.A. operates as an integrated energy company worldwide. The company’s Upstream segment engages in the exploration and development of crude oil and natural gas reserves. The company’s Downstream segment in involved in refining and petrochemistry; trading and transportation of crude oil and oil products; marketing of oil products, petrochemical, and LPG; the marketing, transport, and regasification of natural gas and liquefied natural gas (LNG); and generation and marketing of electricity. The company also distributes and markets asphalt products; installs, operates, and manages gas stations; provides maritime services; constructs and operates oil refineries; refines and markets hydrocarbons; provides human resource services; distributes and supplies electricity; leases logistics assets; and develops new energy source projects, as well as produces and markets lubricants and biofuels.

Camber’s impressive returns in conjunction with the recent announcement of a planned acquisition of a midstream pipeline integrity service provides its investors with hope in terms of production and growth while the international market remains in a perpetual state of disarray.

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/

 Full Legal Disclaimer Click Here.

Contact Information:

Company Name: ACR Communication LLC.

Contact Person: Media Manager


Phone: 1-702-720-6310

Country: United States