If you follow a company closely and would like to share your knowledge, we would love your contributions. The Vantage Agreement contained customary indemnification requirements. If you have an interest in the lucrative microcap sector, sign up to Insider Financial today! After all, Camber Energy operates in the geopolitically volatile oil and natural gas industry as a homegrown player. CEI holds interests in active oil & gas properties in the onshore Gulf Coast region. Camber Energy, (CEI) theunionjournal.com 2021 Stock market outlook: 'Markets are forward looking,' says Payne Capital president - The Union Yahoo Finance's Akiko Fujita and Zack Guzman speak with Ryan Payne, Payne Capital Management President, about today's market action and outlook. While CEI's shares have been rallying based on retail traders' interest, news related to the company's delay in filing its Form 10-K and the NYSE's monitoring of the delays have raised investors' concerns about the stock. Entrepreneur and its related marks are registered trademarks of Entrepreneur Media Inc. Bad Weather Won't Ruin Your Vacation Anymore , Retirees Are Earning Up to $20,000 Per Month With. Camber plans to work diligently to grow its operations by considering strategic acquisitions that are near the region or location of its current assets, offer attractive production and cash flow returns, and/or conform to the Companys technical proficiencies. Sign Up Now For Our 100% FREE Small Cap Reports. Also refer for more: Coal India share price target. Data from Fintel.io shows short interest in Camber Energy stock jumped to 24.4 million shares from 6.1 million shares in September, giving the company a 23.5% On July 17, 2017, Vantage provided $120,000 to the Company under the Vantage Note and on July 20, 2017, Vantage provided $30,000 to the Company under the Vantage Note. If you are looking for stocks with good return, Camber Energy Inc stock One Founder's Super-Sized Side Hustle Is Helping Small Businesses and It's On Track to Generate More Than $50 Million This Year, What Thomas Edison, Sarah Michelle Gellar and T.J. Maxx Can Teach You About Savvy Entrepreneurship, 6 Time Management Hacks to Regain Your Energy, AI Could Eliminate Millions of Jobs By 2027, but Cognitive Skills Are Increasingly Important for Employers. Here's what could influence CEI's performance in the near term: Last month, CEI announced the acquisition of a 60.5% interest in Simson-Maxwell Ltd., a leading manufacturer and supplier of industrial engines and other energy solutions, through its majority-owned subsidiary. Get our PREMIUM Forecast Now, from ONLY $7.49! Multiple local clean energy companies have landed rounds of $500 million or more recently. Prices for top E&P stocks and commodities. bad, high-risk 1-year investment option. Under an amended merger agreement dated April 18, a subsidiary of Camber will merge with and into Viking, with Viking surviving as a wholly owned subsidiary of Camber. Furthermore, the company's poor cash balance and negative profit margin are not in sync with its stock's current valuation. By John Downey. After closing a long-awaited deal, a Houston-based energy company's outgoing CEO reflects on how he got the deal to the finish line and the significance of In exchange for the shares of Viking, Camber agreed to issue 1,890 restricted shares of Camber's Series C Redeemable Convertible Preferred Stock to a noteholder of Viking resulting in the extinguishment of $18.9 million of debt at the Viking level. The larger companies tend to have access to more favorable debt financing, receive greater analyst coverage, trade with greater liquidity and consequently, often have higher share prices. Includes modified extension pages (usually configuration pages). Closing yesterday's session at $0.83, the stock is trading 73.3% below its 52-week price high of $3.10. Once online, the project will have an estimated capacity of around 43 million gallons of renewable diesel annually. Read fore more: Google price forecast/ Predication, brijesh-patel In Central Oklahoma the Company had 13,567 / 55,247 (net / gross) acres, most of which was acquired pursuant to the Acquisition (defined under Liquidity and Going Concern Consideration). Remember, this was a stock that was trading over $8 at this time last year. The company seek to create a growth company capable of delivering on the long-expected conversion of reserves to production, continued long-term acreage development, and sustainable shareholder value. Also, CEI's trailing-12-month asset turnover ratio of 0.01% is 96.5% lower than the 0.4% industry average. A searchable database of oil and gas debt and equity offerings. On May 1, 2017, the Company entered into a service agreement (the Service Agreement), with Enerjex Resources (Enerjex) to outsource the management of its back-office functions for a fixed monthly fee. Viking is an independent exploration and production company focused on the acquisition and development of oil and natural gas properties in theGulf Coastand Mid-Continent region. This transaction did not close and the letter of intent was terminated. Unsubscribe anytime. Camber Energy Inc (CEI) Stock Price Today, News, Quotes, The goal is to re-meet the initial listing standards of the NYSE American. I can't understand about google price goes 000. The company owns oil and gas leases inTexas,Louisiana,Mississippi, and Kansas. $39 Million in Transactions Closed Since Dec. 23/20. stock price predictions may be different due to the different analyzed time series. Beyond the grades I've highlighted, one can check out additional CEI ratings for Sentiment, Growth, and Momentum, While CEI has an overall F rating in our proprietary rating system, one might want to consider taking a look at its industry peers, SilverBow Resorces, Inc. (, One Company Will Pay You to Enjoy It Rain or Shine, Scheme That Caused Her to Lose Her Home of 3 Decades, 15 Best Entrepreneurial Conferences You Need to Attend, Here's How to Tell And Why It Matters. What Happened In Camber Energy Stock (CEI)? The Company intends to enter into an agreement with a joint venture partner within the (AMI) with the plan to initiate a drilling program on this acreage, targeting the San Andres formation, during the first half of 2018, subject to the transaction closing by year end. Production rates should increase as well from new production which is expected to ramp up in early 2018, subsequent to the completion of drilling activities the company plan to complete in early 2018, funding permitting. Constance Dierickx, Ph.D., says it's tempting to rely on others when you're under stress but it can be a big mistake. The two companies had previously drafted a merger agreement dated Aug. 31, 2020. Furthermore, the company's net loss amounted to $13.24 million. The remaining West Texas acreage is acquired leasehold located on the Central Basin Platform of the Permian Basin, which was announced by the Company as part of its entry in the emerging Horizontal San Andres play. The Camber Energy stock price may drop from In the past decade, Texas renewable energy and storage capacity surged by about 44,000 megawatts, according to the states grid operator. The effective date of the Release was December 15, 2017. The monthly fee may be reduced to the extent the Company retains employees to perform certain of the functions contemplated to be performed by Enerjex. Camber Energy Remains a Promising Way to Play the In order to develop the significant reserves at its disposal, the company believe that the company must become, or become part of, a larger organization with ample cash flow and greater access to capital. brijesh-patel brijesh-patel See above. WebCamber Energy, Inc. is an independent oil and natural gas company. Our aim is to acquire a majority interest in assets or entities with current revenue streams and realistic upside potential. future. Contact InformationInvestors and Media:Tel. Camber upped its stake in Viking in 2021, purchasing an additional 27.5 million Viking shares for $11 million. Energy news, analysis, interviews, and exclusive coverage you need to keep your industry edge. Your adding value on me and also support me to wrote more post on my blog. We have no business relationship with any company whose stock is mentioned in this article. The company's trailing-12-month gross profit margin and cash from operations are negative 0.5% and $2.09 million, respectively. - Try Now Risk-Free - Money-back guarantee! Camber Energy is trading in a confirmed downtrend with the most recent lower low made on Oct. 6 at 86 cents and the most recent lower high of $2.45 made on Oct. 8. HOUSTON, TX / ACCESSWIRE / January 14, 2021 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") is pleased to announce the completion of another deal with its majority-owned subsidiary, Viking Energy Group, Inc. (VKIN) ("Viking"), pursuant to which Camber purchased $18.9 million worth of common stock of Viking. CEI - Camber Energy Inc Stock quote - CNNMoney.com - CNN USD today. Camber Energy Camber Energy has steered the Company to a strategic path leveraging on its expanding technical and operational dewatering expertise. Also, it has an F grade for Stability. to 1.350 USD at 2023-05-02, but your current investment may be devalued in the When will Camber Energy Inc price drop? Approximately $6,102,679 of the reduction was achieved, through a series of separate transactions, via the conversion of all or a portion of amounts owing by the Company to certain stakeholders into common stock in the capital of Viking. Read fore more: Google price forecast/ Predication, Your blog is to good for my knowledge. Specifically, the company prefer relatively shallow (less than 10,000 feet) formations that require horizontal drilling techniques and significant surface infrastructure management, and Camber Energy is currently evaluating several opportunities to expand its asset acreage. Will CEI price go up? 2023-05-01 - TotalEnergies CEO Patrick Pouyann says the company has been eying a low oil-to-gas ratio in Suriname in order to have an efficient development. The acquisition and debt cancellation transactions, dated as of December 31, 2020 (collectively, the "Year End Transactions"), are separate from the $20.1 million transaction completed between Camber and Viking on December 23, 2020 (the "Initial Acquisition"). Additional details regarding the Initial Acquisition were included in Camber's and Viking's Current Reports on Form 8-K filed with the SEC on December 24, 2020 and December 28, 2020, respectively, and are available under "investors" - "SEC filings" at www.camber.energy and www.vikingenergygroup.com. HOUSTON, TX / ACCESSWIRE / January 14, 2021 / Camber Energy, Inc. (NYSE American:CEI) (" Camber " or the " Company ") is pleased to announce the She began her career at Kantar IMRB, a leading market research and consumer consulting organization. Under the terms of the Service Agreement, Enerjex will be responsible for performing all back-office services for the Company, including all data entry and bookkeeping, financial reporting, management reporting, reserve reporting, SEC compliance, audits, filings, and any other services required to maintain the Companys good standing with all local, state, and federal laws. Camber Energy, Inc. (Camber) is a growth-oriented, diversified energy company. We are leveraging our expertise and relationships to build a diversified organization with profitable business segments to increase stakeholder value. Camber Energy Inc market prognosis, However, given investor concerns related to the company's Form 10-K filing delinquency and the potential for the company to face NYSE delisting procedures, is it worth betting on the stock at the current price level? By producing the water (dewatering), the pressure holding the hydrocarbon in place is lowered, the hydrocarbon expands, and transitions from a residual state to a mobile state, allowing for commercial production. While CEI has an overall F rating in our proprietary rating system, one might want to consider taking a look at its industry peers, SilverBow Resorces, Inc. (SBOW) and Baytex Energy Corp. (BTEGF), which have an A (Strong Buy) rating. Asian paint share price target, brijesh-patel In terms of trailing-12-month EV/Sales, the stock is currently trading at 332.17x, which is significantly higher than the 2.75x industry average. After working to consummate a deal for several years, Camber Energy and Viking Energy Group have finally reached a new agreement to fully combine. Camber Energy Probability Of Bankruptcy - (NYSE MKT:CEI) Sen. Eric Schmitt, R-Mo., says Republicans will hold Energy Secretary Jennifer Granholm's "feet to the fire" after committing that "no money" will flow to Cambers income comes from Viking Energy Group, a small oil-and-gas driller it bought in early 2021. At December 31, 2017, Cambers total estimated proved producing reserves were 5.98 million barrels of oil equivalent of which 3,383,500 barrels (Bbls) were crude oil and NGL (Bbls) reserves, and 15.6 billion cubic feet (Bcf) were natural gas reserves. This article is meant for informational and educational purposes only and does not provide investment advice. CEI has an overall F rating, which translates to a Strong Sell in our. Through its majority-owned subsidiary, Viking Energy Group, Inc. (Viking), or subsidiaries of Viking, Camber provides custom energy & power solutions to commercial and industrial clients in North America and owns interests in oil and natural gas assets in the United States. The cure period on the Rogers Loan expired on September 11, 2017, and as of such date, all principal, interest and unpaid costs thereunder were immediately due and payable (which totaled approximately $9.4 million as of the date of acceleration which amount included $2.1 million of default interest). 1.350 This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Its shares have jumped 68.4% in price over the past five days due to heavy discussion about it on Reddit and Twitter and the consequent bullishness of retail investors. WebHOUSTON, TX / ACCESSWIRE / May 24, 2021 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company"), an independent oil and gas company, On December 15, 2017, CATI entered into a Release of Mortgage, Deed of Trust, Assignment, Security Agreement, Financing Statement and Fixture Filing (the Release) with Rogers. Camber plans to use the twenty-plus year technical evolution and knowledge of the Hunton to the San Andres formation of the Permian Basin to produce oil and gas through the dewatering process and expects to grow its initial 3,600-acre position moving forward, funding permitting. Below you will find the stock price predictions for 2023, 2024. Camber will remain the sole publicly traded company following the combination, according to the agreement between the two Houston-based firms. Many are speculating that it. Sen. Eric Schmitt, R-Mo., says Republicans will hold Energy Secretary Jennifer Granholm's "feet to the fire" after committing that "no money" will flow to "countries of concern" like China. Camber Energy Inc finance tips, The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree. Camber Energy Inc real time quote is equal The purchase price totaled CAD3.99 million (approx. can be a Adjusted EBITDA was $3.31 million for the three-month period ended June 30, 2020, as compared to $4.62 million for the three-month period ended June 30, 2019. This justifies the stock's relatively high 1.29 beta. Its shares have jumped 68.4% in price over the past five days due to heavy discussion about it on Reddit and Twitter and the consequent bullishness of retail investors. And CEI's 26.65x trailing-12-month Price/Sales is 1,770% higher than the 1.43x industry average. Short-term and long-term CEI (Camber Energy Inc) Energy Going Camber Energy's efforts to go green could fuel the next big move for CEI stock April 5, 2022 By Louis Navellier and the InvestorPlace Research Staff Apr 5, The assets are expected to generate $55 million in annual gross revenue, the company said. Approximately $1,705,982 of such reduction was on account of scheduled principal payments made on or about June 30th and July 31st by Vikings subsidiaries under senior secured credit facilities, using cash on hand in the applicable subsidiary. Copyright 2023 Entrepreneur Media, Inc. All rights reserved. When will CEI price fall? Viking issued 53,219,677 common shares in connection with the debt conversions. Camber Energy Inc analyst report, We'll be in your inbox every morning Monday-Saturday with all the days top business news, inspiring stories, best advice and exclusive reporting from Entrepreneur. Check-in with Cambers President & CEO, James Doris, as he provides insight into the companys operations, structure and growth strategy. Also refer for more: Coal India share price target. If the New Acquisition closes successfully, Vikings subsidiary, Elysium Energy, LLC, will acquire, directly or indirectly through its own wholly-owned subsidiaries, working interests and overriding royalty interests in oil and gas properties in Texas(approximately 71 wells in 11 counties) andLouisiana(approximately 52 wells in 6 parishes), along with associated wells and equipment. Continued improvement in these rates should result in increased revenue and cash flow. In the past decade, Texas renewable energy and storage capacity surged by about 44,000 megawatts, according to the states grid operator. CEI forecast tomorrow, Many penny stock investors are asking whats the story withCamber Energyafter the stock jumped 53% on Tuesday. Enerjex will receive a fee of $150,000 per month for services rendered, plus any pre-approved out of pocket travel expenses. Currently trading at less than $1, shares of diversified energy and power solutions company Camber Energy have been rallying thanks to recent social m By Always do your own research and make your own investment decisions. The wells are operated by Vikings subsidiary, Petrodome Operating, LLC, a licensed operator in Texas,Louisiana,andMississippi, and produce hydrocarbons from known reservoirs/sands in the on-shoreGulf Coastregion, including theHackberry, Yegua, Wilcox, Amphistegina, and Robira. With the closing of the Acquisition in October 2016, the Company acquired over 13,000 net acres in producing fields located primarily in the Mid-Continent region of Oklahoma including Payne, Lincoln and Logan Counties, along with a small amount of interest in production located in Glasscock County, Texas. CEI stock future price, WebOVERVIEW. Revenues were$9.55million as compared to $8.73 million in Q-2 2019. Senior Staff Writer, Charlotte Business Journal. This acreage, part of the Companys Jackrabbit acreage, targeted the San Andres formation in the Permian Basin. Although this acquisition could strengthen CEI's platform and position it for further expansion across North America, it could also increase its expenses in the near term. , 4 Penny Stocks on the Move: BRLL BRN CEI RLFTF, Camber Energy Inc (NYSEAMERICAN:CEI) Hoping For Better Days Ahead, PharmaCyte Biotech Climbing Back Up The Charts. While there's a widely-held belief that three days a week in the office is the magic number, with a number of large companies adopting it, it's a fundamentally flawed approach. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions or economic conditions with respect to the oil and gas industry, the COVID-19 pandemic, the performance of management, actions of government regulators, vendors, and suppliers, our cash flows and ability to obtain financing, competition, general economic conditions and other factors that are detailed in Camber's and Viking's respective filings with the Securities and Exchange Commission. The companies did not provide an estimated closing date. #Camberenergy - Twitter Search / Twitter Joel Holland, CEO of Harvest Hosts, grew the company's membership from 6,000 to more than 250,000 since 2018. However, the collapse in energy prices and the COVID-19 pandemic have wreaked havoc on its business plans, including the planned merger with Viking. About - Camber Energy Insider Financial is not an investment advisor and does not provide investment advice. Net Loss was($17.67million), as compared to net income of $1.29 million in Q-2 2019, the majority of which is attributable to a change in the fair value of the Companys derivates (i.e. Imon is an investment analyst and journalist with an enthusiasm for financial research and writing. Approximately 97% of the Central Oklahoma acreage is held by production (HBP). Through one of its subsidiaries, Ichor Energy, LLC, Viking owns a working interest in approximately 58 conventional, producing oil and gas wells inTexasandLouisiana and an interest in more than 30 Salt Water Disposal Wells. wonder full post. The oil and gas resides in pore spaces of conventional subsurface rock formations and is held in place by the pressurized water. In this article, we take a look at Camber Energy and the risk/reward opportunity. Currently trading at less than $1, shares of diversified energy and power solutions company Camber Energy have been rallying thanks to recent social media chatter surrounding the stock. In addition, CEI reported a $9.750 net interest loss. Any statements that are not historical facts contained in this press release are "forward-looking statements", which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. Note: Because of the historical price data of CEI (with very high volatility), the technical analysis and stock price prediction may be unrealistic! The company was formerly known as Lucas Energy. wrote this article ourselves and it expresses our own opinions. The net proceeds from the sale to the Company totaled $25,914. Both the Hunton and San Andres are carbonates with relatively high water saturations where the production profile appears to be optimized by a dewatering and depressurizing process. This concept is now being used throughout the Mid-Continent to produce large quantities of oil and gas, and has recently been applied with increasing success to the San Andres formation in West Texas. Viking also holds an exclusive license in Canada to a patented carbon-capture system. With 5% of the float short, we also expect a nice short squeeze to help make $1 and above an easy target. I always refer your site before writing. With the proceeds from the sale, the Company paid the 1st lien holders, including Alan Dreeben (a former director of the Company), and 2nd lien holder Vantage, thus reducing its liabilities by $1,518,924 and paid NFP $662,072 to terminate the joint venture agreement. The Release, which was filed in various counties in Texas on January 22, 2018 and January 23, 2018, discharged approximately $5.8 million in principal and interest outstanding and owed to Rogers, according to Rogers.

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