What will happen to Camber’s stockholders after the merger?
If the closing of the merger occurs (the “Closing”), the Viking equity holders prior to the merger will own approximately 80% of Camber’s fully-diluted common stock immediately after the merger, and the Camber equity holders prior to the merger shall own approximately 20% of Camber’s fully-diluted common stock immediately after the merger.
What kind of company is camber energy?
Camber Energy, Inc. is an independent oil and natural gas company. It engages in the acquisition, development and sale of crude oil and natural gas from various known productive geological formations. Its operations mainly focuses in Central Oklahoma, South, and West Texas.
What happened to Viking and Camber energy?
Camber Energy and Viking agreed to merge on February 3rd and then the COVID-19 pandemic swept across the nation. Oil prices collapsed and lockdowns drove the US economy to halt.
Is camber energy (CEI) stock a buy in 2022?
After several meme-stock induced rallies over the last 12 months, Camber Energy (NYSEMKTS:CEI) is starting 2022 at right about the same stock price it was at this point in 2021. Has anything changed to ignite more than a speculative investment in CEI stock? Source: Shutterstock There may be.
Will Camber Energy stock recover?
Camber Energy holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks....Predicted Opening Price for Camber Energy, Inc. of Tuesday, June 21, 2022.Fair opening price June 21, 2022Current price$0.46$0.47 (Overvalued)
Is Camber Energy going to be delisted?
However, if not for the lax listing standards of the NYSE American, Camber Energy's stock would have already been delisted. So, if you're thinking of buying CEI below $1, you might want to think again. Despite the lax standards, it could still be delisted in 2022.
What happened to Camber Energy?
CASE ALLEGATIONS: In December 2020, Camber Energy acquired a controlling interest in Viking Energy Group, Inc., a purported independent exploration and production company. Then, in February 2021, Camber Energy executed a definitive merger agreement with Viking to effect the full combination of the two entities.
Should I sell my Camber Energy stock?
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Camber Energy is 'Strong Sell'.
Why is CEI halted?
Trading in Camber Energy (CEI -52.1%) has been halted for news pending. The stock had already been halted briefly nine times for volatility after getting tanked by a new short report from Kerrisdale Capital.
What is the forecast for CEI stock?
Camber Energy Inc (NYSE American:CEI) The 1 analysts offering 12-month price forecasts for Camber Energy Inc have a median target of 781,250.00, with a high estimate of 781,250.00 and a low estimate of 781,250.00. The median estimate represents a +170,615,754.99% increase from the last price of 0.46.
Can delisted stock come back?
A delisted stock can be relisted only if SEBI permits it. The market regulator lays out different guidelines for relisting such shares. Relisting of voluntarily delisted stocks: Such shares will have to wait five years from their delisting date to get relisted again.
Is CEI going to merge?
CEI acquired a controlling interest in Viking in December 2020 and executed a merger agreement at the beginning of 2021.
What happens if stock is delisted?
Here's what happens when a stock is delisted. A company receives a warning from an exchange for being out of compliance. That warning comes with a deadline, and if the company has not remedied the issue by then, it is removed from the exchange and instead trades over the counter (OTC), meaning through a dealer network.
Is CEI being delisted?
CEI Stock 8-K Filing - Notice of Delisting (the “Company”) is not in compliance with NYSE American LLC's (the “Exchange”) continued listing standards.
Should I hold CEI?
CEI has failed to file financial reports for 2021. Moreover, several lawsuits have been filed against the company alleging multiple violations of the federal securities laws. Given its lack of transparency and concerns regarding potential delisting, we think CEI is best avoided now.
Should you invest in CEI?
The short answer is no, CEI stock is not a good investment. It is a penny stock and the recent attention around the company is purely hype. CEI is also classed as a meme stock, which means it is subject to severe volatility. While it may be on the rise, there's very little stopping it from plummeting.
How has Camber Energy's stock price performed in 2022?
Camber Energy's stock was trading at $0.7716 at the beginning of 2022. Since then, CEI shares have decreased by 31.3% and is now trading at $0.5303...
Are investors shorting Camber Energy?
Camber Energy saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 28,800,000 shares, a drop of 16.0...
When did Camber Energy's stock split? How did Camber Energy's stock split work?
Shares of Camber Energy reverse split before market open on Tuesday, October 29th 2019. The 1-50 reverse split was announced on Friday, October 25t...
Who are Camber Energy's key executives?
Camber Energy's management team includes the following people: Mr. James A. Doris , CEO & Director (Age 47) Mr. Frank W. Barker Jr. , CPA, CFO...
Who are some of Camber Energy's key competitors?
Some companies that are related to Camber Energy include Berry (BRY) , SilverBow Resources (SBOW) , Vista Energy (VIST) , Gran Tierra Energy (G...
What other stocks do shareholders of Camber Energy own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Camber Energy investors own include CRISPR Therapeutics (C...
What is Camber Energy's stock symbol?
Camber Energy trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "CEI."
Who are Camber Energy's major shareholders?
Camber Energy's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (18.57%)...
Which major investors are selling Camber Energy stock?
CEI stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Group One Trading L.P., Simplex Trad...
About Camber Energy
Headlines
Camber Energy, Inc. is an independent oil and natural gas company. It engages in the acquisition, development and sale of crude oil and natural gas from various known productive geological formations. Its operations mainly focuses in Central Oklahoma, South, and West Texas. Camber Energy was founded by William A. Sawyer and James J.
Camber Energy (NYSEAMERICAN:CEI) Frequently Asked Questions
Thinking about buying stock in Camber Energy, Nio, Marathon Oil, Farmmi, or Carnival Corp?
CEI Stock Draws Retail Attention
Camber Energy saw a drop in short interest in January. As of January 31st, there was short interest totaling 27,020,000 shares, a drop of 20.7% from the January 15th total of 34,060,000 shares. Based on an average trading volume of 34,410,000 shares, the short-interest ratio is currently 0.8 days. View Camber Energy's Short Interest.
Law of Gravity Prevails
After dipping to that August low, CEI stock made a rapid rise to hit $1.73 on Sept. 16, due in large part to retail interest. Demand has spiked trading volume of late, including some 393 million shares trading hands on Sept. 10 as compared to the average daily volume of 63.6 million shares.
Real Disconnect Looms
The law of gravity dictates that what rises must also fall. I’m of course referring to the inherent risk in Camber Energy that it is likely to encounter soon. I can’t predict with any accuracy when this will happen. But I can predict, or at least say that I feel confident, that it is bound to happen again.
What happened
I think retail investors are banking on the idea that CEI stock therefore must retrace the losses it suffered following the February merger. At that time prices peaked above $2.
So what
Shares of Camber Energy (NYSEMKT: CEI) jumped 18.4% on Tuesday, as investors on social media sites ramped up their bets on the power solutions company.
Now what
Camber's majority-owned subsidiary, Viking Energy Group, owns interests in oil and gas fields in Texas, Louisiana, and Mississippi that collectively contain more than 145 active wells. Camber is also expanding into sustainable energy solutions to diversify its business and profit from the growth of alternative fuel sources.
The Motley Fool
Yet while this technology is intriguing, Camber's meme stock status is also contributing to its recent stock price gains. The company has become popular among traders on Twitter and other social media sites.
Camber Energy continues to burn through capital, and a spate of year-end selling has sent its stock down sharply. Turnaround or stay away?
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community.
What happened
Born and raised in the Deep South of Georgia, Jason now calls Southern California home. A Fool since 2006, he began contributing to Fool.com in 2012. Trying to invest better? Like learning about companies with great (or really bad) stories? Jason can usually be found there, cutting through the noise and trying to get to the heart of the story.
So what
Shares of Camber Energy ( NYSEMKT:CEI) are down 14.2% at 12:56 p.m. EST on Dec. 28, putting its stock price down by more than one-third over the past two trading days as investors cash out before the end of 2018. While part of the recent sell-off was likely due to a sharp drop in oil prices on Dec. 27, oil prices are actually moving higher today.
Now what
Camber's stock price is falling sharply today, even as many other oil stocks move higher. There's good reason to believe that sellers are continuing to drive the company's stock price down because it's already been a huge loser so far this year and plenty of investors are selling before year-end to harvest the loss for tax reasons.
Camber's Electric Transmission & Open Conductor Detection Systems Technology Founders Are Recognized Leaders in the Energy Sector
Sometimes a sharp sell-off in a stock like this can make for a buying opportunity, but I think that's not the case with this company. Camber Energy has never in its history generated positive cash flows from its business operations over a full year, and has only managed a handful of positive operating quarters.
Camber Energy's Majority-Owned Subsidiary Closes Acquisition
Technology Founders Are Recognized Leaders in The Energy SectorHOUSTON, TX / ACCESSWIRE / February 17, 2022 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") announced on February 15, 2022 the acquisition by its majority-owned subsidiary, Viking Energy Group, Inc.
Camber Energy Discloses Communication From NYSE American
Re: Electric Transmission & Open Conductor Detection TechnologiesHOUSTON, TX / ACCESSWIRE / February 15, 2022 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") is pleased to announce its majority-owned subsidiary, Viking Energy Group, Inc.
