Oil Companies to Watch as Trump Boosts Price

April 25, 2019 -- InvestorsHub NewsWire -- Microcap Speculators -- President Trump has been a vocal critic of oil prices, often tweeting that they're too high. Recently, however, he helped drive them up after his administration reversed course on Iran. That helped boost them by about 2.5% with WTI (the U.S. oil benchmark) rising to more than $65.50 a barrel, while Brent (the global benchmark) moved up to almost $74 a barrel.  Those are the highest levels for crude this year.

One oil & gas exploration company to keep an eye on is Camber Energy (AMEX: CEI).  The company is planning to close on an acquisition within the next 4 weeks.  On April 22, it had announced that it has received preliminary non-binding approval from the staff of the NYSE American of the planned terms of its contemplated acquisition of a midstream pipeline integrity services, specialty construction and field services company in an all-stock transaction. CEI has worked very hard recently to improve their standing with the NYSE American and spent a lot of 2018 cleaning up the company’s balance sheet and improving its efficiency.  Their hard work is starting to receive recognition as CEI received a letter from the NYSE American about regaining several of their continued listing standards.

Today we’re highlighting: Camber Energy, Inc. (AMEX: CEI), Concho Resources Inc. (NYSE: CXO), Noble Energy, Inc. (NYSE: NBL), Delek US Holdings, Inc. (NYSE: DK), and REX American Resources Corporation (REX).

Camber Energy, Inc. (AMEX: CEI) (Market Cap: $7.169M; Share Price: $0.3587) turned a nearly $30 million shareholder deficit into $2.3 million of positive shareholders’ equity, increasing liquidity, extinguishing debt and fast tracking the company for regaining NYSE American compliance.   Investors are starting to show support to management’s progress and as more investors learn the story, the trend could continue.  Oil & Gas investors seeking competent fiscal management and efficient operations should research CEI.  The company also announced the execution of a revised non-binding Letter of Intent in connection with the company's previously announced planned acquisition of a midstream pipeline integrity services, specialty construction and field services company in an all-stock transaction.

Louis G. Schott, the Interim CEO of Camber noted, ''We have revised the Letter of Intent based on discussions with the NYSE American. This positions both parties towards a planned closing in the next four weeks. Our team made a successful diligence trip this week to meet with the acquisition company's management.”

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Concho Resources Inc. (NYSE: CXO) (Market Cap: $24.027B; Share Price: $120.60) announced on April 2 that Oryx Southern Delaware Holdings, LLC, oil gathering and transportation system, has entered into an agreement to sell 100% of the equity interests in its subsidiaries to Stonepeak Infrastructure Partners for $2.07 billion.  Concho owns a 23.75% equity interest in Oryx and will receive approximately $300 million at closing after repayment of Oryx’s outstanding borrowings.

Concho Resources Inc. ("Concho") and Frontier Midstream Solutions IV, LLC ("Frontier") announced recently that Concho and Frontier have executed an agreement to create Beta Crude Connector, LLC ("BCC"). Concho and Frontier will each own a 50% equity interest in BCC, with Frontier serving as operator. BCC will build and provide crude oil gathering, transportation and storage services in the Northern Midland Basin, supporting continued oil production growth in the region.

Concho Resources Inc., 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.    

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Noble Energy, Inc. (NYSE: NBL) (Market Cap: $13.039B; Share Price: $27.22) recently announced that it has approved the development of the Alen natural gas project situated offshore Equatorial Guinea.  Gross capital expenditure for the development of this project is estimated to be $330 million, of which the company’s share is nearly $165 million.  Natural gas from the Alen field will be processed through the existing Alba Plant LLC liquefied petroleum gas processing plant and EG LNG’s liquefied natural gas production facility located at Punta Europa, Bioko Island.

Noble Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide.  The company owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins.  Its principal assets are located in the US onshore unconventional basins and various global offshore conventional basins in the Eastern Mediterranean and off the west coast of Africa.

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Delek US Holdings, Inc. (NYSE: DK) (Market Cap: $2.93B Share Price: $37.84) announced recently that members of management participated in the Mizuho Energy Summit on Monday, April 1, 2019. A copy of Delek US’ latest investor presentation was provided at the conference. An electronic copy of this presentation is currently available in the “Investors” section of the Delek US website at http://www.DelekUS.com. ;  

Delek US Holdings, Inc. engages in the integrated downstream energy business in the United States.  The company's Refining segment processes crude oil and other purchased feedstocks for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminals.

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REX American Resources Corporation (REX) (Market Cap: $526.487M; Share Price: $83.91) reported last month financial results for its fiscal 2018 fourth quarter (“Q4 ‘18”) ended January 31, 2019.  REX American Resources’ Q4 ‘18 results principally reflect its interests in six ethanol production facilities and its refined coal operation.

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol. It operates through two segments, Ethanol and By-Products, and Refined Coal.  The company also offers dried distillers’ grains, modified distillers’ grains, non-food grade corn oil, and others. In addition, it provides dry distillers grains with soluble, which is used as a protein in animal feed; and produces, processes, and sells refined coal.

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Signed by

Priyanka Goel, CFA

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.   Regal Consulting and CEI have agreed to amend the current agreement and extend it until October 2019, the amendment calls for $50,000 in cash, and 50,000 restricted 144 shares of CEI.  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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