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Oil Tanker Attack Causing Energy Concerns

Energy company shares increased Thursday following two oil tanker attacks near the Strait of Hormuz, providing the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite an anticipated second-straight week of gains.

As tensions remain high between the U.S. and Iran, the Islamic Republic has repeatedly threatened to block traffic in the Strait of Hormuz, which has left some producers scrambling to find alternate routes for export.

However, this will not be an issue for Camber Energy, Inc. (CEI). CEI is a company focused on crude oil and natural gas development. With a domestic presence in Oklahoma and Texas, they have a stronger grip on the development and transport of oil and less risk of falling victim to foreign oil attacks and importation delays.

“Existing alternate routes are limited. The only routes to traffic by sea is through Iraq to a port in Turkey or through a bigger pipeline in Saudi Arabia to a port at Yanbu on the Red Sea.” Said Anthony Cordesman of the Center for Strategic and International Studies. 

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

Camber Energy, Inc. (NYSE American: CEI), (Market Cap: $3.642M; Share Price: $0.1813), 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.

Northern Oil & Gas, Inc. (NYSE American: NOG), (Market Cap: $769.09M; Share Price: $2.00), 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. As of December 31, 2018, it owned working interests in 4,792 gross producing wells; and proved reserves of 135.5 million barrels of oil equivalent. 

Transocean Ltd. (NYSE: RIG), (Market Cap: $3.341B; Share Price: $5.42), 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: $19.589B; Share Price: $98.36), 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. As of December 31, 2018, its estimated proved reserves totaled 1.2 billion barrels of oil equivalent. The company was founded in 2006 and is headquartered in Midland, Texas. It 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: $31.779B; Share Price: $47.96), 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.

With tensions escalating between oil producing and oil dependent nations it’s not surprising to discover investors looking for companies to become shareholders in that operating outside of the danger zone.

Based in Houston, Texas, CEI’s domestic presence allows the company to spend less time worrying about tanker attacks and transportation logistics, and more time to continually building a platform for the growth and development of its proven oil reserves, while simultaneously operating on efficiency and prosperity for its shareholders.

 

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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