Energy Going CEI's trailing-12-month revenue came in at $264,160 . Camber Energy and Viking agreed to merge on February 3rd and then the COVID-19 pandemic swept across the nation. For more information, please visit the company's website at www.camber.energy. On January 3, 2017, Camber entered into a Lease Acquisition and Participation Agreement (Acquisition) with a privately held, Houston, Texas-based oil and gas holding company (Partner) whereby the company acquired a leasehold position in the Permian Basin in Texas, consisting of 16,300 gross, 3,600 net, mineral acres in consideration for $1.43 million, and formed an area of mutual interest (the Jackrabbit project). Check-in with Cambers President & CEO, James Doris, as he provides insight into the companys operations, structure and growth strategy. Camber Energy Flirts With NYSE American Delisting Rextag database of energy infrastructure assets. Approximately 9% of this acreage is productive from the Cline and Wolfberry formations acquired pursuant to the Segundo transaction. Sign Up Now For Our 100% FREE Small Cap Reports. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions or economic conditions with respect to the oil and gas industry, the COVID-19 pandemic, the performance of management, actions of government regulators, vendors, and suppliers, our cash flows and ability to obtain financing, competition, general economic conditions and other factors that are detailed in Camber's and Viking's respective filings with the Securities and Exchange Commission. 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. Your adding value on me and also support me to wrote more post on my blog. 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. Camber Energy Inc analyst report, Based in Houston, Texas, Camber Energy (NYSE American: CEI) is a growth-oriented, independent oil and gas company engaged in the development of 2023 Hart Energy. Multiple local clean energy companies have landed rounds of $500 million or more recently. 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 adding value on me and also support me to wrote more post on my blog. selection of stocks like Camber Energy Inc. Insider Financial is not an investment advisor and does not provide investment advice. Read fore more: Google price forecast/ Predication, brijesh-patel The biggest When will CEI price fall? How do did you get these results with a opening of 0.33 and close at 41? While CEI's shares have been rallying based on retail traders' interest, news related to the company's delay in filing its Form 10-K and the NYSE's monitoring of the delays have raised investors' concerns about the stock. 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, Camber Energy 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. 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. We wrote this article ourselves and it expresses our own opinions. CEI NOTICE: Camber Energy, Inc. Investors with - Business Wire What Happened In Camber Energy Stock (CEI)? Enerjex will receive a fee of $150,000 per month for services rendered, plus any pre-approved out of pocket travel expenses. Camber Energy closes deal taking stake in Viking Energy Will CEI stock price rise? Disclosure: We have no position in NYSEMKT:CEI, OTCMKTS:VKIN, or any of the securities mentioned. CEI has an overall F rating, which translates to a Strong Sell in our. How will Camber Energy Inc stock price increase? I always refer your site before writing. However, the collapse in energy prices and the COVID-19 pandemic have wreaked havoc on its business plans, including the planned merger with Viking. $39 Million in Transactions Closed Since Dec. 23/20. Viking issued 53,219,677 common shares in connection with the debt conversions. Furthermore, the company's net loss amounted to $13.24 million. 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. Camber Energy Probability Of Bankruptcy - (NYSE MKT:CEI) 1.350 This is a great start to 2021.". The cure period on the Rogers Loan expired on September 11, 2017, and as of such date, all principal, interest and unpaid costs thereunder were immediately due and payable (which totaled approximately $9.4 million as of the date of acceleration which amount included $2.1 million of default interest). The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree. 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. 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. Through its majority-owned subsidiary, Viking Energy Group, Inc. (Viking), or Camber Energy, Inc. (Camber) is a growth-oriented, diversified energy company. If you are looking for stocks with good return, Camber Energy Inc stock Furthermore, its ROE, ROA, and ROTC stood at negative 274.3%, 50.4%, and 13.8%, respectively. See above. Camber Energy Inc (CEI) Stock Price Today, News, Quotes, The company's trailing-12-month gross profit margin and cash from operations are negative 0.5% and $2.09 million, respectively. CEI forecast, The company owns oil and gas leases in Texas, Louisiana, Mississippi and Kansas. The San Andres formation, the target of its most recent purchase, is found at relatively shallow depths (4,500) and has similar attributes to the Companys dewatering Hunton play in Oklahoma. Energy news, analysis, interviews, and exclusive coverage you need to keep your industry edge. 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. I can't understand about google price goes 000. Camber Energy Camber Energy to Acquire Private Companies Oil Wells for $69 Million. Your info is never shared. If the closing of the merger occurs (the Closing), the Viking equity holders prior to the merger will own approximately 80% of Cambers fully-diluted common stock immediately after the merger, and the Camber equity holders prior to the merger shall own approximately 20% of Cambers fully-diluted common stock immediately after the merger.