Menu
1-702-720-6310 info@microcapspecualtors.com

Top Companies Abandon Production In Anticipation of Forecasted Storm In The Gulf of Mexico

Oil prices increased by 3 percent on Wednesday after United States crude oil inventories shriveled more than expected as dominant producers vacated rigs in the Gulf of Mexico in anticipation of a dangerous storm.

The global benchmarks, Brent crude was up $1.92, reaching $66.08 a barrel and U.S. West Texas Intermediate (WTI) crude climbed $1.75, to $59.58 a barrel; both providing a 3 percent increase; however, many anticipate repercussions to follow the forecasted storm.

Top oil companies have begun evacuating and pausing production from 15 offshore platforms in the Gulf of Mexico after weather forecasters predicted that a tropical disturbance could evolve into a storm later this week.

The Gulf of Mexico is home to 17 percent of United States crude oil production which accounts for around 12 million barrels per day (bpd).

One company that will remain unaffected by this disturbance is Camber Energy, Inc. (“CEI”). 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 has also recently acquired Lineal Star Holdings for its midstream and downstream pipeline integrity services.

The Company’s strategy is a balanced approach to acquire and grow energy service businesses that focus in upstream, midstream and downstream sectors that are not severely affected by wide swings in the commodity price of oil and natural gas.

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: CEI), (Market Cap: $206.741M; Share Price: $4.56), Camber announced on July 9th they closed the previously announced acquisition of Lineal Star Holdings, LLC (“Lineal”) www.LinealStar.com. 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.

 

Exxon Mobil Corporation (NYSE: XOM), (Market Cap: $328.044B; Share Price: $77.50),

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: $34.38B; Share Price: $82.54), 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 gasoline, 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 fuel, asphalt, petrochemicals, lubricants, and other refined petroleum products.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: $130.799B; Share Price: $55.69), 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: $90.132B; Share Price: $66.17), 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.

 

As the forecasted storm and ongoing geopolitical tensions between the United States and Iran continue to add unquantifiable support to the market, local companies, like CEI, are a favorable investment option in terms of production quality, volume, and sustainability.

 

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.

http://www.regalconsultingllc.com/full legal disclaimer/

Full Legal Disclaimer Click Here.

Contact Information:

Company Name: ACR Communication LLC.

Contact Person: Media Manager

Email: info@microcapspeculators.com

Phone: 1-702-720-6310

Search