Camber Energy: Do Not Ignore Its Recent Agreement

Oil pump oil rig energy industrial machine for petroleum in the

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Recently, Camber Energy (NYSE:CEI) entered into an agreement to acquire certain privately-owned companies with $55 million in annual gross revenues. This agreement gives CEI the working interests in 169 proved producing oil wells (producing 2000

Figure 1 – International petroleum and other liquids production and consumption


Figure 2 – Brent crude oil spot price and global inventory changes


Figure 3 – CEI’s leverage ratios

Author (based on SA data)