U.S. crude oil stock, as predicted by the Energy Information Administration, showed that production for the week closing June 14 dropped this week to 12.2 million BPD, a 200,000 sag from the record high of 12.4 million BPD.
The official U.S. Energy Information Administration report on crude oil inventories is set to be published on Wednesday at 10:30 a.m. EST.
As inventory draws are on the rise, and prices continue to climb, one company worth paying attention to is Camber Energy, Inc. (“CEI”) (“Camber”).
With a gain of .56 percent at around 12:48 p.m. EST on Tuesday, 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.
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: $3.22M; Share Price: $0.1611) 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. Louis G. Schott, Interim Chief Executive Officer of Camber stated, “We are happy to report the conclusion of negotiation of what we believe to be final agreements with the holders of our Series C Redeemable Convertible Preferred Stock and working towards completing the previously announced acquisition of Lineal.”
Eni S.p.A. (NYSE: E), (Market Cap: $60.954B; Share Price: $33.03) 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: $76.756B; Share Price: $171.72), 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: $38.747B; Share Price: $18.81), 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.
Repsol S.A. (OTCQX: REPYY), (Market Cap: $23.751B; Share Price: $15.73), Repsol is one of the largest companies in the oil and gas industry. Headquartered in Madrid, the company is present across the entire value chain: exploration and production, transformation, development, and marketing of energy that is efficient, sustainable, and competitive for millions of people. Repsol is an integrated energy company with operations in over 30 countries.
With Camber finalizing the process of acquiring Lineal Star Holdings for its midstream and downstream pipeline integrity services, the acquisition transforms CEI into a favorable investment option in terms of product demand and sustainability.
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.
Full Legal Disclaimer Click Here.
Company Name: ACR Communication LLC.
Contact Person: Media Manager
Country: United States