Efficiency: Name of the Game in Oil & Gas

February 28, 2019 -- InvestorsHub NewsWire -- Microcap Speculators -- Federal Reserve Chairman Jerome Powell’s testimony mentioned how oil and gas prices and the cost of just about everything else that uses oil and gas has been pushed down by the shale boom in West Texas, where drilling is getting ever more efficient.  For investors in the industry it is about finding companies that are providing this efficiency, both in drilling and on their balance sheets.

One company hitting this market, Camber Energy (CEI), turned a nearly 30 million shareholders’ deficit into $2.3 million of positive shareholders’ equity, increasing liquidity and extinguishing debt.

Today we are highlighting: Camber Energy, Inc. (CEI), Ensco plc. (NYSE: ESV), Cenovus Energy, Inc. (CVE), Transocean Ltd. (NYSE: RIG), and Antero Resources Corporation (NYSE: AR).

We mentioned above that, Camber Energy, Inc. (CEI) (Market Cap: $5.489M, Share Price: $0.4352) spent a lot of 2018 cleaning up the company and improving its efficiency.  Along with extinguishing shareholder debt, the company completed a one-for-twenty-five reverse split stock, among several other steps which is why CEI just received a letter from the NYSE American about regaining compliance with several of the NYSE American’s continued-listing standards.

Oil & Gas investors seeking competent fiscal management and efficient operations should research CEI.

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Ensco plc. (NYSE: ESV) (Market Cap: $1.800B, Share Price: $4.12) announced it will hold its fourth quarter and full-year 2018 earnings conference call at 9:00 a.m. CT (10:00 a.m. ET and 3:00 p.m. London) on Thursday, 28 February 2019.  The earnings release will be issued before the New York Stock Exchange opens that morning. 
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Cenovus Energy Inc. (CVE) (Market Cap: $11.243B, Share Price: $9.15) 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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Transocean Ltd. (NYSE: RIG) (Market Cap: $5.026B, Share Price: $8.24) recently announced their 4Q numbers despite revenue increasing compared with this time last year; the numbers were seen as lackluster.  The most impressive number is the company’s respectable EBITDA margin despite much lower contract rates and a 62% fleet utilization rate. 
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Antero Resources Corporation (NYSE: AR) (Market Cap: $2.774B, Share Price: $8.99) also released its 4Q numbers recently and faired a touch better than RIG.  AR’s output topped the 3 billion cubic feet equivalent per day (Bcfe/d) mark for the quarter, which was a record for the company. Overall, production surged 18% sequentially and 37% year over year.  The company produced an average of 162,077 barrels per day for the quarter, which was up 51% compared with the prior-year period. 

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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