Camber Energy - Kursziel 20 Euro?
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Again, many believe that the demand for oil and gas could rise in the coming months with more people traveling than during the pandemic. But for now, this remains mostly as speculation. Camber’s majority-owned subsidiary, Viking Energy Group Inc., announced its first-quarter results on May 25th. While its revenue was lower than the previous year’s same quarter, this makes sense given the effects of Covid on the energy industry during that time.
The President and CEO James Doris said, “We are pleased with Viking’s Q1 results, especially following the unprecedented conditions experienced in 2020. We are extremely encouraged with the foundation we have established, and are intensely focused on pursuing growth opportunities.”
Many energy companies are sharing this sentiment right now. The results from the latest quarter have been relatively disappointing for most similar businesses. However, investors are hopeful about the long-term future of oil and gas.
CEI stock is up about 3% with more than two times its average trading volume on June 8th. Those financial results were Camber’s most recent updates. It seems like this oil and gas company is recovering from the pandemic amid lower cases and reopening in the United States. It’s worth noting that with little to no restrictions surrounding the pandemic in Texas, Camber could have an easier time getting back to pre-covid production levels. With all of this in mind, will it make your watchlist in June?
https://www.oilandgas360.com/...-to-watch-on-robinhood-for-june-2021/
Positions Viking for Potential Acquisition & Exclusive License Arrangement
HOUSTON, TX / ACCESSWIRE / July 30, 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. (OTCQB:VKIN) ("Viking"), pursuant to which Camber purchased $11 million worth of common stock of Viking.
The proceeds from the transaction are to be used by Viking to (i) facilitate the potential acquisition of an approximate 60.5% interest in a company engaged in the manufacture and supply of industrial engines, power generation products, services and custom energy solutions; (ii) facilitate the potential execution of an agreement with respect to the license of a patented carbon-capture system for exclusive use in Canada and for a specified number of locations in the United States; and (iii) for general working capital purposes.
Additional details regarding the transaction were included in Camber's and Viking's Current Reports on Form 8-K filed with the Securities and Exchange Commission ("SEC") on July 30, 2021, and are available under "investors" - "SEC filings" at www.camber.energy and www.vikingenergygroup.com.
About Camber:
Based in Houston, Texas, Camber Energy (NYSE American: CEI) is a growth-oriented energy company. Through its majority-owned subsidiary, Viking Energy Group, Inc., Camber owns interests in oil and natural gas assets in the Gulf Coast and Mid-Continent regions. For more information, please visit the company's website at www.camber.energy.
https://finance.yahoo.com/news/...es-additional-equity-123000205.html
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