ESV - Oil & Gas Stocks Poised to Rebound
HENDERSON, NV / ACCESSWIRE / January 3, 2019 / Energy is still one of the most profitable areas of the stock market. As demand for oil continues to trend upward, topping 100 million barrels per day this year, the energy sector is positioned to boost your portfolio in the New Year. Here are a few plays you should consider researching immediately.
Today we are highlighting: Camber Energy, Inc. (CEI), Ensco plc. (NYSE: ESV), Obsidian Energy Ltd. (NYSE: OBE), Cenovus Energy, Inc. (NYSE: CVE), and Antero Resources Corporation (AR).
Camber Energy, Inc. (CEI) (Market Cap: $6.776M, Share Price: $1.13) just turned a nearly $30 million shareholders' deficit into $2.3 million of positive shareholders' equity, increasing liquidity, extinguishing debt and fast tracking the company for regaining NYSE American compliance. We think CEI, a Houston based, independent oil and gas company engaged in the development of crude oil, natural gas and natural gas liquids; could be a bull in the near term.
The company also received an extension from NYSE American to meet listing requirements which is great news for investors especially considering the company's recent uptick in activity.
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Ensco plc. (ESV) (Market Cap: $1.621B, Share Price: $3.73), announced its Continuous Tripping Technologyâ„¢, a new proprietary solution that provides more efficient and safer pipe tripping and helps to lower customers' offshore project costs. The patented Continuous Tripping Technology, in concert with other key equipment, sensors and process controls, fully automates the movement of the drill string into or out of the well at a constant controlled speed. When deployed during offshore activities, Continuous Tripping Technology enables pipe-tripping speeds of up to 9,000 feet per hour — up to three times faster than tripping times achieved by current conventional stand-by-stand methods.
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Obsidian Energy Ltd. (OBE) (Market Cap: $225.812M, Share Price: $0.44) announced recently that its semi-annual borrowing base redetermination has resulted in a $30 million increase to its syndicated credit facility to $470 million.
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Cenovus Energy, Inc. (CVE) (Market Cap: $9.019B, Share Price: $7.26), announced it would cut its capital spending for 2019 by 4 % amid a broader turnaround plan, but raised its oil sands production forecast. The company said it plans to invest between C$1.2 billion ($901.1 million) and C$1.4 billion in 2019, with the majority of the budget going to its Foster Creek and Christina Lake oil sands operations.
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Antero Resources Corporation (AR) (Market Cap: $3.08B, Share Price: $9.39), announced that Paul J. Korus has been appointed to its board of directors (the "Board"), as a Class II director. Mr. Korus is an independent director under the director independence standards set forth in the rules and regulations of the Securities and Exchange Commission and the applicable listing standards of the New York Stock Exchange.
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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