Camber Energy, Inc Stock Price, News & Analysis

Camber Energy, Inc. (NYSE: CEI) addressed a recent short report by Kerrisdale Capital. CEO James Doris emphasized the company's focus on improving its financial position and growth strategy. Camber aims to be current with its public filings by the deadline set by the New York Stock Exchange, around November 19, 2021. The company operates in the energy sector, holding interests in oil and natural gas assets while providing tailored energy solutions. Further details can be found in Camber's Current Report on Form 8-K filed on May 24, 2021.

Camber Energy (NYSE American:CEI) announced an exclusive intellectual property license agreement with ESG Clean Energy for its carbon capture technology. This system effectively captures approximately 100% of CO2 emissions from internal combustion engines. The license is exclusive in Canada and non-exclusive for 25 U.S. locations. The technology not only generates clean electricity but also produces valuable byproducts, like UREA and ethanol. CEO James Doris highlighted the firm’s commitment to reducing carbon footprints for commercial needs while adhering to ESG practices.

Camber Energy, Inc. (NYSE American: CEI) reported its subsidiary Viking Energy Group, Inc. achieved revenues of $10.7 million for Q2 2021, totaling $21.19 million year-to-date. Viking's quarterly revenue reflects an increase from $9.55 million in 2020 and $8.73 million in 2019. Camber's stake in Viking rose from 62% to 73% in late July 2021, following the acquisition of a majority interest in Simson-Maxwell Ltd.

Investors may find these developments promising as the company expands its portfolio in the energy sector.

Camber Energy (NYSE: CEI) announced the acquisition of a majority interest (⁓ 60.5%) in Simson-Maxwell Ltd., a manufacturer of industrial engines and energy solutions. This acquisition, facilitated through its subsidiary, aims to enhance Camber's diversification strategy and position it for growth across North America. Simson-Maxwell has over 80 years of experience and services over 4,000 maintenance contracts. This partnership is expected to strengthen service offerings and expedite growth, contributing to energy sustainability.

Camber Energy (NYSE American: CEI) has completed a significant transaction by purchasing $11 million worth of common stock in its majority-owned subsidiary, Viking Energy Group (OTCQB: VKIN). The funds will primarily enable Viking to secure an approximate 60.5% interest in an industrial engine manufacturing company, pursue an exclusive licensing deal for a patented carbon-capture system, and support general working capital. This strategic move positions both companies for potential growth and expansion in the energy sector.

Camber Energy (NYSE American: CEI) announced a closed $15 million equity transaction with an institutional investor to enhance working capital and fund new acquisitions. Additionally, the company extended the maturity date of existing promissory notes to January 1, 2024 and included a fixed conversion feature at $1.25 per share, representing a 117% premium from the prior closing price. CEO James Doris expressed confidence in the company's growth and profitability initiatives. For further details, refer to the filings on the SEC website.

Camber Energy, Inc. (NYSE American: CEI) reported Q1 revenues of $10.49 million for its subsidiary, Viking Energy Group, Inc., exceeding previous year figures. In Q1 2020, Viking generated $11.79 million, while in Q1 2019, revenues were $9.35 million. Camber holds approximately 62% ownership of Viking, emphasizing a solid recovery trajectory post-2020's challenges. President James Doris expressed optimism about future growth opportunities following this financial performance.

Camber Energy, Inc. (NYSE American:CEI) announced on May 21, 2021, that it is not in compliance with NYSE American listing standards due to a filing delinquency regarding its Form 10-K for the period ending December 31, 2020. Delays resulted from difficulties in asset and liability valuations related to the acquisition of Viking Energy Group, Inc. The NYSE American will monitor the situation over a six-month period, allowing an additional period if necessary. A 'BC' indicator will be placed on the company's trading symbol until compliance is achieved, though business operations remain unaffected.