Camber Energy, Inc Stock Price, News & Analysis

Viking Energy Group (OTCQB:VKIN) and Camber Energy (NYSE American:CEI) have announced the filing of a registration statement on Form S-4 with the SEC for their proposed merger. This merger, initially agreed upon on February 15, 2021, will see a wholly-owned subsidiary of Camber merging into Viking, with Viking continuing as a subsidiary of Camber, which will be the only publicly traded entity. The merger awaits shareholder approval and SEC clearance, with several customary closing conditions to be met.

Viking operates across various energy sectors, providing solutions primarily in North America and holds key licenses for patented technologies in carbon capture and waste treatment. Camber similarly focuses on energy solutions and holds interests in oil and gas assets in the U.S.

Viking Energy Group (OTCQB:VKIN) and Camber Energy (NYSE American:CEI) announced an amendment to their merger agreement on April 18, 2023. This amendment allows Viking to merge into Camber, with Viking becoming a wholly-owned subsidiary. Shareholders of Viking will receive one share of Camber stock for each share they own, granting them access to a publicly traded entity with enhanced liquidity. The merger will enable Camber to consolidate financials by reporting Viking's revenues directly. Key assets include patented clean energy solutions and a medical waste treatment system. The next step involves filing Form S-4 with the SEC for regulatory approval. Both companies emphasize their growth-oriented strategies and shared interests in energy solutions.

Camber Energy (NYSE American:CEI) and Viking Energy Group (OTCQB:VKIN) announced an amendment to their merger agreement on April 18, 2023. The merger will see Viking merging into a subsidiary of Camber, making Viking a wholly owned subsidiary of Camber. Viking shareholders will receive one share of Camber stock for each share of Viking stock held, offering them enhanced liquidity. The merger aims to consolidate the companies' resources, allowing Camber to report Viking's revenues directly and leverage its proprietary technologies, including a clean energy system and medical waste treatment capabilities. Following the merger, Camber plans to file a preliminary registration statement on Form S-4 with the SEC. This move signals potential growth and diversification for Camber as it integrates Viking's assets.

Camber Energy (NYSE American: CEI) announced on April 12, 2023, that it received a notice from the NYSE American regarding non-compliance with continued listing standards due to a stockholders' deficit and net losses over the past five fiscal years.

The Notice doesn't impact the current trading of CEI's shares, which will continue but will carry a designation indicating non-compliance. The company must submit a compliance plan by May 12, 2023, detailing its strategy to meet NYSE requirements by October 12, 2024.

Key compliance requirements include maintaining stockholders' equity of at least $2 million if losses are reported in two of the last three fiscal years, $4 million if losses are reported in three of the last four fiscal years, and $6 million if losses occurred in all five recent fiscal years.

Camber Energy, Inc. (NYSE American: CEI) announced that Institutional Shareholder Services Inc. (ISS) has recommended shareholders vote "FOR" both Proposal 1 and Proposal 2 in its Definitive Proxy Statement related to a Special Meeting scheduled for April 26, 2023. Proposal 1 aims to increase the authorized common stock from 20 million to 500 million shares. This recommendation could facilitate Camber's future growth and capital-raising efforts. ISS is a leading proxy advisory firm providing voting recommendations to institutional investors. Camber Energy operates in diversified energy solutions and holds various interests, including oil and natural gas assets. The company also possesses licenses for patented technologies related to carbon capture and medical waste treatment.

Camber Energy, Inc. (NYSE American:CEI) filed its Annual Report for the year ended December 31, 2022, highlighting significant financial improvements. Derivative liabilities decreased by 92% to $7.59 million, while total liabilities dropped 56% to $51.82 million. The stockholders' deficit was reduced by 76% to $(17.12 million), and net loss per share fell 89% to $(11.16). The Board resolved to resume negotiations for a merger with Viking Energy Group. However, the Annual Report noted a going concern emphasis from auditors, indicating potential financial uncertainties ahead. More details are available in the report and related press releases.

Goldman Small Cap Research released a new report on Camber Energy, Inc. (CEI), highlighting its pending merger with Viking Energy Group Inc. (VKIN). The merger is expected to close in 3Q/4Q 2023 and may significantly enhance CEI's valuation, with forecasts indicating pro forma revenues of $31.0M for 2023 and $42.4M for 2024. The report suggests CEI's diversified business model and strategic focus on new opportunities could lead to substantial growth post-merger. Analysts project a targeted price increase reflective of a 4x multiple on 2024E revenue.

Camber Energy (NYSE American: CEI) is refocusing on its merger with Viking Energy Group following the resolution of legacy accounting issues. On March 14, 2023, Camber's Board confirmed actions to redeem about 94% of its Series C Redeemable Convertible Preferred Stock. The companies are re-engaging in negotiations to finalize the merger agreement, which would see Viking survive as a wholly-owned subsidiary. A merger would provide Viking shareholders with Camber shares, potentially offering increased liquidity. The merger aims to leverage Viking's innovative energy technologies and enhance Camber's growth strategy.

Camber Energy, Inc. (NYSE American:CEI) has announced a 12-month agreement with Shareholder Intelligence Services, LLC to combat potential short selling and protect shareholder interests. This collaboration employs ShareIntel's DRIL-Down™ technology to track and analyze unusual trading activities. CEO James Doris emphasized the necessity for identifying illegal trading practices while ShareIntel's CEO noted their commitment to assist with curbing abusive short selling. Camber Energy, known for its diversified energy solutions and innovative technologies, aims to enhance its market integrity through this strategic partnership.