HENDERSON, NV / ACCESSWIRE / March 12, 2019 / During the last week, the performance of oil and gas sector was a mixed bag. While natural gas prices increased by 4.4% to $2.86 per million Btu (MMBtu), WTI crude (West Texas Intermediate) futures declined by 0.9% to $56.07 per barrel by the end of the week.
Below are several Energy investment opportunities that could be worth looking while the market lags.
Camber Energy (CEI) is among such interesting small cap opportunities.
The company has gone through an equity infusion and a painful debt restructuring over the last few years. It also required the need to divest the company's assets in Oklahoma to retire debts of International Bank of Commerce (IBC) in 2018. However, the equity infusion and asset sale transactions have resulted in the company's shareholders' equity increasing by over $35 million to a positive $7.6 million as of December 31, 2018, compared to negative 28.1 million as of June 30, 2018. During 2018 and early 2019, the company regained compliance with certain NYSE American listing requirements and conducted a reverse stock-split. These led to better liquidity in the stock on the NYSE American.
Today we are highlighting: Camber Energy, Inc. (CEI), NextEra Energy, Inc. (NEE), Halcon Resources Corporation (HK), Noble Corporation Plc. (NE), and Antero Resources Corporation (AR).
Camber Energy, Inc. (CEI) (Market Cap: $5.219M, Share Price: $0.4138, NYSE) has released CEO's letter to shareholders to highlight the recent developments. In the letter dated January 9, 2019, Louis G. Schott (the interim CEO) has indicated that equity infusion and debt retirement have not only led to balance sheet clean-up, but has also provided much needed funds for investment in improving operational efficiency. In Mr. Schott's view, recently received letter from the NYSE American about regaining compliance with certain listing standards has been an important development of 2018. While the stock price has significantly corrected over the last 12-months, the stock could be interesting for investors with a higher risk appetite and are looking for a potential dark horse within oil and gas sector.
NextEra Energy, Inc. (NEE) (Market Cap: $90.613B, Share Price: $189.50, NYSE) announced on March 4, 2019, an agreement with a subsidiary of NextEra Energy Resources, LLC to acquire a geographically diverse portfolio of six wind and solar projects, collectively consisting of approximately 611 megawatts (MW). In conjunction with the acquisition, NextEra Energy Partners has also entered into a $900 million convertible equity portfolio financing deal with Kohlberg Kravis Roberts ("KKR").
Halcon Resources Corporation (HK) (Market Cap: $220.674M, Share Price: $1.38, NYSE) on February 21, 2019 announced that Floyd Wilson has resigned from his role as the company's Chairman, Chief Executive Officer and President to pursue other interests. James Christmas, who has served as a Director of Halcón since February 2012 and serves as Lead Independent Director and Chairman of the Audit Committee, has been appointed Non-Executive Chairman of the Board.
Noble Corporation Plc. (NE) (Market Cap: $664.04M, Share Price: $2.67, NYSE) reported on February 20, 2019, a net quarterly loss of $90 million (adjusted and excluding net favorable items), or a loss of $0.36 per diluted share (adjusted) for the quarter ended December 31, 2018, compared to a net quarterly loss of $72 million (adjusted and excluding net favorable items), or a loss of $0.29 per diluted share (adjusted) for the corresponding quarter in 2017. The company posted revenues of $309.89 million for the quarter ended December 2018.
Antero Resources Corporation (AR) (Market Cap: $2.463B, Share Price: $7.98, NYSE) released its fourth quarter results on February 13, 2019. Net daily gas equivalent production averaged a record 3.2 billion cubic feet equivalent per day (Bcfe/d) for 30% liquids for the quarter ended December 31, 2018. The net daily gas production surged 18% sequentially and 37% year over year. Liquid production (including oil, C3+NGL, and recovered ethane production) averaged 162,077 barrels per day for the quarter, an increase of 51% compared with the corresponding quarter in 2017.
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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