This article is meant for informational and educational purposes only and does not provide investment advice. The Camber Energy stock price is Copyright 2023 Entrepreneur Media, Inc. All rights reserved. Viking has a market capitalization of approximately $87 million, according to Yahoo Finance data; Camber has a market cap of about $33 million as of April 20. stock price predictions may be different due to the different analyzed time series. However, the collapse in energy prices and the COVID-19 pandemic have wreaked havoc on its business plans, including the planned merger with Viking. 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). The Glasscock County, Texas properties produce oil and gas primarily from the Wolfberry, Cline and Fusselman formations and are all non-operated. 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. Your adding value on me and also support me to wrote more post on my blog. Camber Energy Inc technical analysis, I always refer your site before writing. 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. Through its majority-owned subsidiary, Viking Energy Group, Inc. (Viking), or hedging contracts) during the quarter. As always, good luck to all (except the shorts)! No Spam. How will Camber Energy Inc stock price increase? WebBased in Houston, Texas, Camber Energy (NYSE American:CEI) is a growth-oriented energy company. 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. I always refer your site before writing. 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. Senior Staff Writer, Charlotte Business Journal. We are leveraging our expertise and relationships to build a diversified organization with profitable business segments to increase stakeholder value. 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. Cambers income comes from Viking Energy Group, a small oil-and-gas driller it bought in early 2021. Leaders are starting to outline when they will show results. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. (Source: Shutterstock). And CEI's 26.65x trailing-12-month Price/Sales is 1,770% higher than the 1.43x industry average. , 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. Income from operations was $1.00 million as compared to $2.31 million in Q-2, 2019. 2023-05-01 - Heres a roundup of the latest E&P headlines, including a new subsea tieback beginning production in the Norwegian Sea, new contract awards and an updated agreement regarding oil spill preparedness offshore Alaska. Check-in with Cambers President & CEO, James Doris, as he provides insight into the companys operations, structure and growth strategy. 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. HOUSTON, TX / ACCESSWIRE / January 14, 2021 / Camber Energy, Inc. (NYSE American:CEI) (" Camber " or the " Company ") is pleased to announce the The ratio between the gross and net production varies due to varied working interests and net revenue interests in each well. Asian paint share price target, brijesh-patel Camber Energy, Inc. (Camber) is a growth-oriented, diversified energy company. The effective date of the Release was December 15, 2017. We are not receiving compensation for it. CEI holds interests in active oil & gas properties in the onshore Gulf Coast region. Camber Energy Inc analyst report, Leaders are starting to outline when they will show results. Remote Work Skeptics Are Forgetting Their Most Valuable Asset: Their Customers. Also, CEI's trailing-12-month asset turnover ratio of 0.01% is 96.5% lower than the 0.4% industry average. By comparison, fossil Approximately 72% of Boe was proved producing. 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. Based in Houston, Texas, Camber Energy (NYSE American: CEI) is a growth-oriented, independent oil and gas company engaged in the development of 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. 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? Is CEI stock price going to drop? Continued improvement in these rates should result in increased revenue and cash flow. CEI stock price prediction, When will CEI stock price go down? 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. 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"). What Happened In Camber Energy Stock (CEI)? 1.350 James Doris, President & CEO of the two companies commented, "This transaction further strengthens the relationship between Camber and Viking and moves us one step closer toward a full combination of the two entities. The proceeds from the foreclosure sales of approximately $3.5 million were applied against the outstanding indebtedness. In August, Viking reduced its overall debt by approximately $7,808,661. Multiple local clean energy companies have landed rounds of $500 million or more recently. 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, bad, high-risk 1-year investment option. 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. Incorporated in Nevada in December 2003 under the name Panorama Investments Corp., the Company changed its name to Lucas Energy, Inc. effective June 9, 2006 and effective January 4, 2017, the Company changed its name to Camber Energy, Inc. Aside from its deal with Viking, Camber has pursued other M&A in recent months. The Vantage Agreement contained customary indemnification requirements. Between Vikings operational performance, the combined security of the hedging program, and Cambers potential liquidity, we believe the merged company will be positioned for growth following the Merger.. Camber believes that it has certain advantages in initiating a development program in the San Andres. 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. WalletInvestor.com. She began her career at Kantar IMRB, a leading market research and consumer consulting organization. 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. Information on assets, buyers and sellers, deal values, and more. 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. 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. Independent oil and natural gas company Camber Energy, Inc. (CEI), 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. 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. Camber Energy Inc stock forecast, Furthermore, the company's net loss amounted to $13.24 million. The Company entered into a nonbinding letter of intent in November 2017, to acquire a 95% net working interest position in 3,220 net acres in Yoakum County, Texas, within a 6,000 acre area of mutual interest (AMI) in the Permian Basin. In this article, we take a look at Camber Energy and the risk/reward opportunity. Contact InformationInvestors and Media:Tel.

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