December 24, 2018 - 9:00 AM EST
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Oil & Gas Stocks to Watch after OPEC Decision

HENDERSON, NV / ACCESSWIRE / December 24, 2018 / OPEC has finally put an end to the ongoing speculations regarding oil supply glut and prices with a move to curb output by a total of 1.2 million barrels per day (BPD) from the highs reached in October, essentially for the first half of 2019. Here are a few oil & gas plays to watch after the big decision.

Today we are highlighting: Camber Energy, Inc. (CEI), Antero Resources Corp. (NYSE: AR), W&T Offshore, Inc. (WTI), Whiting Petroleum, Inc. (NYSE: WLL), and Transocean Ltd. (NYSE: RIG).

U.S. natural gas prices are at the highest levels since 2014. OPEC's decision may not help this. While this is sometimes seen as a bad thing for gas stocks which are at their lowest levels in over a decade, some companies are bucking the trend by utilizing fiscal discipline which is not always common in the industry.

Investors are rewarding companies that show the ability to keep their interests in mind in the best and worst of times. It is a good harbinger for how such companies will fare as renewables continue to grow. Smart investors have seen the arbitrage opportunity grabbing up undervalued companies keeping their balance sheet shareholder friendly.

Camber Energy, Inc. (CEI) (Market Cap: $12.287M, Share Price: $0.0865) just turned a nearly $30 million shareholders' deficit into $2.3 million of positive shareholders' equity, increasing liquidity, extinguishing debt and fast tracking the company for regaining NYSE American compliance. Why we think CEI, a Houston based, independent oil and gas company engaged in the development of crude oil, natural gas and natural gas liquids, could be a bull in the near term is the company's latest announcement. CEI recently announced the execution of a non-binding memorandum of understanding in connection with the contemplated acquisition of an asset located in Greely and Hamilton Counties, Kansas for a purchase price of $4,000,000 in equity. If the transaction closes, CEI will acquire working interests which include up to approximately 30,000 net leasehold acres in Greely and Hamilton Counties, Kansas! The acquisition will also include some existing production and the required infrastructure and equipment necessary to support future hydrocarbon production.

After clearing its books, this new project will receive all of their attention, and could be a boon for CEI investors.

Oil & Gas play, Antero Resources Corp. (AR) (Market Cap: $2.981B, Share Price: $9.40), announced that Paul J. Korus has been appointed to its board of directors (the "Board"), as a Class II director, effective as of December 7, 2018. Mr. Korus is an independent director under the director independence standards set forth in the rules and regulations of the Securities and Exchange Commission and the applicable listing standards of the New York Stock Exchange.

Another oil & gas stock to watch is W&T Offshore, Inc. (WTI). (Market Cap: $524.611M, Share Price: $3.77), a leading oil and natural gas explorer with operations primarily focused on resources located off the coast of Gulf of Mexico. Headquartered in Houston, TX, W&T Offshore's EPS is expected to grow more than 26% in the first quarter of 2019 (according to Zacks).

Whiting Petroleum, Inc.'s (WLL) (Market Cap: $1.869B, Share Price: $20.29) Senior Vice President of Planning and Reservoir Engineering, Pete Hagist, recently presented at the Capital One Securities Annual Energy Conference at the Windsor Court Hotel in New Orleans, LA.

Transocean Ltd. (RIG) (Market Cap: $3.955B, Share Price: $6.49) just announced that its shareholders approved the acquisition of Ocean Rig UDW Inc. by approving the proposals presented at Transocean's Extraordinary General Meeting.

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 microcapspecultors.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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SOURCE: Regal Consulting, LLC

Source: ACCESSWIRE Investor Awareness (December 24, 2018 - 9:00 AM EST)

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