May 10, 2019 - 10:00 AM EDT
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Oil & Gas Stocks to Watch on Heels on Anadarko Deal

HENDERSON, NV / ACCESSWIRE / May 10, 2019 / Anadarko (NYSE: APC) surprised many on Monday, when it said that it now favors the $38 billion offer it got from Occidental Petroleum (OXY) over a $30 billion one from Chevron (CVX), a surprising shift in the competitive dynamics. Chevron is five times as big as Anadarko by market capitalization, with much more capacity to add debt to finance a deal. But Occidental won an influential new backer in Berkshire Hathaway (BRK.A) and agreed to sell off some assets to prepare to merge with Anadarko.

This has brought a lot of attention to oil & gas stocks. So now is a great time to start researching a few:

One oil & gas exploration company that is set to complete a major deal is Camber Energy (CEI). CEI is planning to close on an acquisition within the next couple weeks. It has already received preliminary non-binding approval from the staff of the NYSE American of the planned terms of its contemplated acquisition of Lineal Star Holdings www.LinealStar.com in an all-stock transaction. Lineal's primary operating subsidiary has been in the pipeline integrity, construction and services industry for 64 years. It has Master Service Agreements in Pennsylvania, Ohio and West Virginia, with planned growth in Texas, the Gulf South and Mid-Continent.

CEI has worked very hard recently to improve their standing with the NYSE American, and spent a lot of 2018 cleaning up its balance sheet. Their hard work is starting to receive recognition as CEI received a letter from the NYSE American about regaining several of their continued listing standards.

Today we're highlighting: Camber Energy, Inc. (CEI), Chevron (NYSE: CVX), Anadarko Petroleum (APC), PBF Energy Inc. (NYSE: PBF), and Sunoco LP (SUN).

Camber Energy, Inc. (CEI) (Market Cap: $5.548M; Share Price: $0.2776) turned a nearly $30 million shareholder deficit into $2.3 million of positive shareholders' equity, increasing liquidity, extinguishing debt and fast tracking the company for regaining NYSE American compliance. Investors are starting to show support to management's progress and as more investors learn the story, the trend could continue. Oil & Gas investors seeking competent fiscal management and efficient operations should research CEI.

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Chevron (CVX) (Market Cap: $230.856B; Share Price: $121.19) is jockeying with Occidental for the right to buy Anadarko Petroleum (APC) (Market Cap: $36.839B; Share Price: $73.39). The oil giant is paying a whopping $50 billion for Anadarko in a combination of stock, cash, and the assumption of debt. The transaction would significantly bolster Chevron's operations in U.S. shale, the Gulf of Mexico, and liquefied natural gas. Chevron has agreed to acquire all Anadarko's outstanding shares for $33 billion, or $65 per share. The combined company will produce an estimated 3.9 million barrels of oil equivalent per day, trailing only Exxon Mobil Corp among publicly traded companies, up from fourth. It expands Chevron's reach in two areas where U.S. energy output is breaking records: shale from the Permian Basin of west Texas and New Mexico, and liquefied natural gas (LNG). These have helped make the United States one of the world's largest energy exporters. It is expected that this deal will deliver $2 billion in anticipated annual operating cost and capital synergies.

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids.

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PBF Energy Inc. (PBF) (Market Cap: $3.64B; Share Price: $30.07) announced in March that it will release its earnings results for the first quarter 2019 on Wednesday, May 1, 2019. The company will host a conference call and webcast regarding first quarter results and other business matters on Wednesday, May 1, 2019, at 8:30 a.m. ET. The call is being webcast and can be accessed at PBF Energy's website, http://www.pbfenergy.com. The call can also be accessed by dialing (800) 894-5910 or (785) 424-1052, conference ID: PBFQ119.

PBF Energy Inc. is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related facilities in California, Delaware, Louisiana, New Jersey and Ohio. Their mission is to operate their facilities in a safe, reliable and environmentally responsible manner, provide employees with a safe and rewarding workplace, become a positive influence in the communities where we do business, and provide superior returns to our investors. PBF Energy Inc. also currently indirectly owns the general partner and approximately 54% of the limited partnership interest of PBF Logistics LP.

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Sunoco LP (SUN) (Market Cap: $2.493B; Share Price: $30.13) announced in March a private offering of senior notes due 2027 in an aggregate principal amount of $500 million. Sunoco Finance Corp., a wholly owned direct subsidiary of Sunoco, will serve as co-issuer of the notes. Sunoco intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under its existing $1.5 billion revolving credit facility.

Sunoco LP, together with its subsidiaries, engages in the distribution and retailing of motor fuels in the United States. The company operates through two segments, Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and major oil companies and supplies it to independently operated dealer stations, distributors and other consumer of motor fuel, and partnership operated stations, as well as to commission agent locations. It is a master limited partnership that distributes motor fuel to approximately 10,000 convenience stores, independent dealers, commercial customers and distributors located in more than 30 states. Sunoco's general partner is owned by Energy Transfer Operating, L.P., a subsidiary of Energy Transfer LP.

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. Regal Consulting and CEI have agreed to amend the current agreement and extend it until October 2019, the amendment calls for $50,000 in cash, and 50,000 restricted 144 shares of CEI. 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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Source: ACCESSWIRE Investor Awareness (May 10, 2019 - 10:00 AM EDT)

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