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Based in Houston, Texas, Camber Energy (NYSE American: CEI) is a growth-oriented, independent oil and gas company engaged in the development of crude oil, natural gas, and natural gas liquids in Texas and Louisiana. Enerjex will receive a fee of $150,000 per month for services rendered, plus any pre-approved out of pocket travel expenses. Camber operations are all crude oil and natural gas exploration and production related. Also, its 4.94 trailing-12-month Price/Book multiple compares with the 1.48 industry average. Revisiting Camber Energy (CEI): The Situation Still Looks Bad ThanksYou can refer for more: Kotak Mahindra bank Blue Hat Interactive Entertainment (BHAT) Stock Forecast, AMC Entertainment Holdings Inc (AMC) Stock Forecast, Microsoft Corporation (MSFT) Stock Forecast, Meta Platforms Inc. (META) Stock Forecast, Berkshire Hathaway Inc. - Class A (BRK.A) Stock Forecast, > Page 2: detailed data / stock price table <, Alphabet Inc Class A Stock Forecast, "GOOGL" Share Price Prediction Charts, Asian Paints Stock Forecast, "500820" Share Price Prediction Charts, Coal India Stock Forecast, "533278" Share Price Prediction Charts, Kotak Mahindra Bank Stock Forecast, "500247" Share Price Prediction Charts, Camber Energy Inc Stock Price Forecast for 2023, Camber Energy Inc Stock Price Forecast for 2024, Camber Energy Inc Stock Price Forecast for 2025, Camber Energy Inc Stock Price Forecast for 2026, Camber Energy Inc Stock Price Forecast for 2027, Camber Energy Inc Stock Price Forecast for 2028. Many penny stock investors are asking whats the story withCamber Energyafter the stock jumped 53% on Tuesday. The company intend to expand its footprint in the Central Basin Platform and with a JV partner, begin drilling in this area during end 2018, funding permitting. Camber Energy Inc finance tips, This article is not a solicitation or recommendation to buy, sell, or hold securities. Camber upped its stake in Viking in 2021, purchasing an additional 27.5 million Viking shares for $11 million. Multiple local clean energy companies have landed rounds of $500 million or more recently. Below you will find the stock price predictions for 2023, 2024. It has been more than three weeks since the NYSE American Exchange sent Camber Energy (NYSEAMERICAN: CEI) a letter saying that it wasnt compliant with the 2023-05-01 - CEO Darren Woods discusses Exxon Mobils expansion plans in the Lower 48 and managing the energy transition in Hart Energys The OGInterview. Database of selected U.S. and international exploration wells. (Source: Shutterstock). Asian paint share price target, brijesh-patel 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. Current Assets were$9.21million, as compared to $7.84 million in Q-1 2019. Includes modified extension pages (usually configuration pages). Beyond the grades I've highlighted, one can check out additional CEI ratings for Sentiment, Growth, and Momentum here. Always do your own research and make your own investment decisions. Sign Up Now For Our 100% FREE Small Cap Reports. Duke Energy says the capacity-sharing plan would cut operating costs, and those savings would go back to customers. Also refer for more: Coal India share price target. Short-term and long-term CEI (Camber Energy Inc) hedging contracts) during the quarter. 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. CEI holds interests in active oil & gas properties in the onshore Gulf Coast region. wrote this article ourselves and it expresses our own opinions. With 5% of the float short, we also expect a nice short squeeze to help make $1 and above an easy target. 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). Should the deal go through as amended, Viking shareholders would receive one share of Camber common stock in exchange for each share of Viking common stock, the companies said in an April 19 statement. In August, Viking reduced its overall debt by approximately $7,808,661. 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. Vikings 2019 results, as well as its recent hedging activities, have already proved more favorable than expected. I always refer your site before writing. index on US Stock Market : At Walletinvestor.com we predict future values with technical analysis for wide CEI NOTICE: Camber Energy, Inc. Investors with - Business Wire Of the 92 stocks in the C-rated Energy Oil & Gas industry, CEI is ranked last. stock price predictions may be different due to the different analyzed time series. Is Your Leadership Style More Steve Jobs or Elon Musk? I always refer your site before writing. 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. 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. A Psychologist Reveals 3 Signs You Should Walk Away From Someone Fast. When will CEI price fall? 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. The proceeds from the foreclosure sales of approximately $3.5 million were applied against the outstanding indebtedness. Income from operations was $1.00 million as compared to $2.31 million in Q-2, 2019. WebFind real-time CEI - Camber Energy Inc stock quotes, company profile, news and forecasts from CNN Business. 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. Disclosure: We have no position in NYSEMKT:CEI, OTCMKTS:VKIN, or any of the securities mentioned. On September 4, 2020, Camber filed with the SEC, an amended Registration Statement on Form S-4, including a preliminary joint proxy statement relating to the planned merger, which addressed SEC comments that Camber had received on the original Form S-4 which was filed on June 4, 2020. Copyright 2023 Entrepreneur Media, Inc. All rights reserved. CEI shares fell $0.83 (-100.00%) in premarket trading Tuesday. CEI - Camber Energy Inc Stock quote - CNNMoney.com Markets CEI holds interests in active oil & gas properties in the onshore Gulf Coast region. 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. Approximately 97% of the Central Oklahoma acreage is held by production (HBP). This acreage, part of the Companys Jackrabbit acreage, targeted the San Andres formation in the Permian Basin. Camber Energy Inc market prognosis, Leaders are starting to outline when they will show results. 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. We are pleased to have the unanimous support from the members of the board of directors of each company to take these next steps, and believe combining Camber's national stock exchange platform with Viking's diversified portfolio of innovative technologies and other important energy-related initiatives will be a significant benefit to all stakeholders and allow the organization to more efficiently execute its growth strategy, Doris said at the time. Joel Holland, CEO of Harvest Hosts, grew the company's membership from 6,000 to more than 250,000 since 2018. 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. On November 9, 2017, in connection with the sale of the Jackrabbit Acreage, the Company paid Vantage the full amount due on the Vantage Note of $150,000. Camber Energy Inc (CEI) Stock Price Today, News, Quotes, WebCamber Energy, Inc., an independent oil and natural gas company, engages in the acquisition, development, and sale of crude oil, natural gas, and natural gas liquids in ), which is headquartered in Houston, Tex., is focused on the acquisition, development, and sale of natural gas, crude oil, and natural gas liquids in the Cline shale and upper Wolfberry shale in Texas. came in at a negative $5.15 million, while its free cash flow stood at a negative $2.09 million. After working to consummate a deal for several years, Camber Energy and Viking Energy Group have finally reached a new agreement to fully combine. 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. Read fore more: Google price forecast/ Predication, brijesh-patel Camber Energy Discloses Receipt of Notice From NYSE Copyright 2023 Entrepreneur Media, Inc. All rights reserved. WebCamber Energy, Inc. (Camber) is a growth-oriented, diversified energy company. The assets are expected to generate $55 million in annual gross revenue, the company said. In this article, we take a look at Camber Energy and the risk/reward opportunity. The company's third initiative for growth is the acquisition of production and acreage near its existing operations. Bidens energy secretary makes 'important admission' over US The company's production sales totaled 158,555 barrels of oil equivalent, net to its interest, for the nine month period ended December 31, 2017. While commodity prices have rebounded from their lows and service costs have declined, the drilling of new wells continues to require constant economic viability evaluation. In May, CEI was notified by the NYSE American that it failed to file its Form 10-K in a timely manner for the nine months ended December 31, 2020, and therefore was not in compliance with the Exchange's listing standards. Energy Going Broadly, Camber is targeting acquisitions in the southwest United States, inclusive of Oklahoma, Texas and New Mexico, which represent a vast array of oil and gas deposits. future. By comparison, fossil On May 24, 2021, Viking reported that Camber Energys first quarter ended March 31, 2021 earnings per share (EPS) of -$0.13 under generally accepted The two companies had previously drafted a merger agreement dated Aug. 31, 2020. Note: Because of the historical price data of CEI (with very high volatility), the technical analysis and stock price prediction may be unrealistic! Of the company's floating shares,14.3% have been sold short. 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. 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. 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. The company operate and invest in areas that are known to be productive, with a reasonably established production history, in order to decrease geological and exploratory risk. 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. The Is CEI stock price going to drop? Get our PREMIUM Forecast Now, from ONLY $7.49! Effective December 4, 2017, Enerjex and the Company mutually agreed to terminate the Service Agreement. Vantage was granted a second lien on the Jackrabbit property in connection with the financing. Camber Energy (CEI) Stock Forecast, Price & News Viking is an independent exploration and production company focused on the acquisition and development of oil and natural gas properties in the Gulf Coast and Mid-Continent region. Best Camber Energy Inc forecast, Camber Energy Remains a Promising Way to Play the All of the planned growth initiatives described above are subject to it having sufficient funding to complete such initiatives and cash on hand to support its operations and pay its debts as they become due. Louis G. Schott, Interim CEO of Camber, stated: Camber is extremely excited about the planned Merger. 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. 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. What Happened In Camber Energy Stock (CEI)? Camber Energy, Inc., (CEI) a Nevada corporation, is an independent oil and natural gas company based in San Antonio, Texas. Once that happens, shareholders can vote and the merger will be completed. Before the run-up in oil prices Viking was a classic dead Clean energy has landed major funding recently. When will we 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. CEI stock price predictions 2023, * Our share forecasts and predictions are made by, Cryptocurrency News, Crypto, Stock, Forex Predictions, Forecasts & Charts When will Camber Energy Inc price drop? With the closing of its asset acquisition in August 2016, the Company acquired estimated proved reserves of 6.3 million Boe, of which 0.2 million Bbls were crude oil reserves, 14.8 billion Bcf were natural gas reserves and 3.7 million Bbls were natural gas liquids. Rextag database of energy infrastructure assets. Through its majority-owned subsidiary, Viking Energy Group, Inc. (Viking), or Camber has assessed its portfolio of opportunities and is currently performing workovers on acquired wells while assessing additional opportunities to acquire temporarily abandoned or underproducing assets in the MidContentent and Central Basin Platform, funding permitting. 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 Energy, Inc. Extinguishes $18.9M of Total Debt - Yahoo 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. 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. Camber Energy Probability Of Bankruptcy - (NYSE MKT:CEI) Prices for top E&P stocks and commodities. The company's primary value drivers are its reserves which must be developed to unlock their full potential. Camber Energy Inc stock forecast, And CEI's 26.65x trailing-12-month Price/Sales is 1,770% higher than the 1.43x industry average. 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. energy As the company consider producing properties, the company plan to prioritize those with cash flow returns near its current assets that can substantially improve its bottom line. For over five years, we have provided a free service to a countless number of traders featuring only the best in the microcap arena. Your info is never shared. Question Box: This is a great start to 2021.". Camber Energy bad, high-risk 1-year investment option. CEI forecast, Independent oil and natural gas company Camber Energy, Inc. (. Camber Energy Inc real time quote is equal To date, Camber and Viking have each satisfied nearly all of their respective conditions to closing the merger, provided that such merger remains subject to certain remaining conditions to closing, including, the effectiveness of the Form S-4, approval of the stockholders of each of Camber of Viking of the merger and certain of the other proposals set forth in the Joint Proxy, and approval of the NYSE American for the continued listing of Cambers common stock following the merger, which the parties anticipate requiring the combined company to re-meet the initial listing standards of the NYSE American. Measures such as return on equity, liquidity and stock multiples have led it to conclude that the market, in general, views small-cap and mid-cap exploration and production companies as having greater potential than microcaps. Camber Energy Inc Forecast, wonder full post. In the past decade, Texas renewable energy and storage capacity surged by about 44,000 megawatts, according to the states grid operator. Your adding value on me and also support me to wrote more post on my blog. WebBased in Houston, Texas, Camber Energy (NYSE American:CEI) is a growth-oriented energy company. 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. Here's Why. Insider Financial is not an investment advisor and does not provide investment advice. 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. Camber Energy Takes A Giant Step Forward To Becoming A Much Larger Company By Finalizing Acquisition Of Viking Energy ($CEI) Published: April 27, 2023 at 5:42 a.m. 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. Imon Ghosh Read fore more: Google price forecast/ Predication, Your blog is to good for my knowledge. On August 2, 2017, and effective June 13, 2017, the Company entered into an agreement with Vantage Fund, LLC (Vantage and the Vantage Agreement), pursuant to which Vantage agreed to provide up to $6 million of funding to the Company, in the sole discretion of Vantage, with $400,000 provided in the initial tranche (the Initial Tranche). 2023-05-01 - Manuela Molina is succeeding Francisco Leon as California Resources Corp.s new CFO following Leons appointment to CEO. Many penny stock investors are asking whats the story withCamber Energyafter the stock jumped 53% on Tuesday. CEI's trailing-12-month revenue came in at $264,160 . While CEI has been taking steps to complete the accounting to file the Form 10-K, if it fails to cure the filing delinquency within the given cure period, NYSE could suspend and delist it. About - Camber Energy In January, Camber agreed to acquire a 100% interest in companies developing a renewable diesel processing plant. Camber Energy, Inc. (Camber) is a growth-oriented, diversified energy company. Learn about theses six powerful time management strategies you can implement in a hybrid or remote workplace. For more information, please visit the company's website at www.camber.energy. WebAccording to present data Camber Energy's CEI shares and potentially its market environment have been in a bullish cycle in the last 12 months (if exists). 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. If you are looking for stocks with good return, Camber Energy Inc stock The Vantage Agreement contained customary indemnification requirements. Camber Energy energy Our alerts consist of Nasdaq, NYSE and high quality OTC companies that are capable of delivering outsized gains to you today, not a year from now. By pursuing adjacent or nearby properties, the company plan to expand its acreage footprint and capitalize on cost efficiencies. As always, good luck to all (except the shorts)! For more information, please visit the company's website at www.camber.energy. Aside from its deal with Viking, Camber has pursued other M&A in recent months. First up, heres a little background info for those not familiar with the stock. Camber believes that it has certain advantages in initiating a development program in the San Andres. Camber Energy is engaged in the acquisition, development and sale of crude oil, natural gas and natural gas liquids from various known productive geological formations, including from the Hunton formation in Lincoln, Logan and Payne Counties, in central Oklahoma; the Cline shale and upper Wolfberry shale in Glasscock County, Texas; and recently in connection with its entry into the Horizontal San Andres play on the Central Basin Platform of the Permian Basin in West Texas announced on January 3, 2017. CEI - Camber Energy Inc Stock quote - CNNMoney.com - CNN A searchable database of oil and gas debt and equity offerings. 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. Not within a year. Viking targets undervalued assets with realistic appreciation potential. 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

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