Welcome to our dedicated page for Camber Energy news (Ticker: CEI), a resource for investors and traders seeking the latest updates and insights on Camber Energy stock.
Camber Energy, Inc. (NYSE American: CEI) is a diversified energy company focused on providing innovative energy and power solutions across North America. Through its majority-owned subsidiaries, the company operates in two main segments: Oil & Gas and Power Generation.
The Power Generation segment is the cornerstone of Camber's operations, delivering custom energy solutions to commercial and industrial clients. This segment's revenue is driven by its majority-owned subsidiary, Simson-Maxwell, Ltd., which manufactures and supplies efficient power generation products and services. These include combined heat and power (CHP) systems, tier 4 final diesel and natural gas engines, and renewable energy systems incorporating solar and wind technologies. Their innovative solutions help clients reduce operational costs while promoting environmental responsibility.
Camber Energy's Oil & Gas segment focuses on exploration and production activities, with properties located in central and southern United States. This segment complements the company's diversified energy portfolio by leveraging traditional energy sources to support modern energy needs.
One of Camber Energy's significant achievements includes the issuance of multiple patents related to their innovative Electric Transmission and Distribution Open Conductor Detection Systems and Broken Conductor Protection technologies. These technologies are pivotal in mitigating wildfire risks and enhancing grid stability by detecting faults in transmission lines and de-energizing them before they hit the ground.
In addition to its core business segments, Camber holds exclusive licenses for a patented carbon-capture system in Canada, and is actively involved in the commercialization of a patented Medical & Bio-Hazard Waste Treatment system using Ozone Technology. These ventures position Camber at the forefront of clean and sustainable energy solutions.
Camber's financial condition as reported in its recent filings indicates a commitment to transparency and compliance. Notably, the company is addressing a going concern qualification from its auditors, reflecting a proactive approach to financial management and regulatory requirements.
For continuous updates and detailed information, Camber Energy has established a robust communication channel with investors through platforms like Webull, ensuring accessibility and engagement with its retail investor community.
For more information, please visit the company's website at www.camber.energy.
Camber Energy (NYSE American:CEI) announced that its subsidiary, Viking Energy Group, received U.S. Utility Patent No. 11,565,289 for a Multi-Chamber Medical Waste Ozone-Based Treatment System. This patent covers proprietary ozone-based treatment methods and devices, aimed at improving waste treatment in hospitals, prisons, and care centers.
The technology is part of a broader initiative to enhance healthcare waste management, which the World Health Organization highlights as crucial for health outcomes. The patent could lead to additional international patents, further expanding the company's market potential.
Camber Energy, Inc. (NYSE American: CEI) announced the acquisition of a 100% interest in companies that are developing a renewable diesel processing plant.
The facility is expected to produce approximately 43 million gallons of renewable diesel annually. Renewable diesel is more environmentally friendly, being 50%-55% less carbon-intensive than traditional diesel.
This acquisition aligns with the growing demand for renewable energy sources. However, closing the deal is conditioned on several factors outlined in the Membership Interest Purchase Agreement, with no guarantees the conditions will be satisfied.
Camber Energy (NYSE American: CEI) announced it has regained compliance with the NYSE American's listing standards as of January 3, 2023, resolving a previously noted deficiency. This positive development follows a notification letter received on November 7, 2022. The company is considered back in good standing with the Exchange. Further details are disclosed in their Current Report on Form 8-K filed with the SEC on January 4, 2023. Camber focuses on providing energy solutions and holds interests in oil and natural gas assets, along with innovative technologies.
Camber Energy has entered into a Purchase and Sale Agreement to acquire interests in oil and gas assets from privately-owned companies for USD 69 million. The acquisition involves working interests in 169 producing oil wells that generate approximately 2,000 barrels of oil per day and a total proved reserve value of about USD 185 million. The purchase will be funded through a mix of cash and the issuance of convertible preferred stock. The deal is contingent on various approvals and obtaining a new loan. Further details can be found in Camber's filed Current Report on Form 8-K.
Camber Energy, Inc. (NYSE American:CEI) has implemented a 1-for-50 reverse stock split effective December 21, 2022, following Board approval on December 14. This action reduces the outstanding shares from approximately 887.7 million to around 17.8 million to meet NYSE American listing requirements and mitigate the risk of delisting. The par value remains unchanged, and fractional shares were rounded to whole shares. The reverse split is expected to raise the stock price, ensuring compliance with exchange standards.
Camber Energy (NYSE American: CEI) announced a 1-for-50 reverse stock split effective December 21, 2022. The number of authorized shares will reduce from 1 billion to 20 million, and outstanding shares will decrease from approximately 814.4 million to about 16.3 million. This split aims to comply with NYSE American's price requirements and mitigate delisting risks. Fractional shares will round up to the nearest whole share. The common stock will trade under the existing symbol CEI after the split, with a new CUSIP number.
Camber Energy, Inc. (NYSE: CEI) has announced a 1-for-50 reverse stock split effective December 30, 2022. This decision aims to reduce the number of issued shares from approximately 814.4 million to 16.3 million and decrease authorized shares from 1 billion to 20 million. The split aligns with NYSE American’s requirements to avoid potential delisting due to low share prices. Following the split, shares will trade under the existing ticker symbol 'CEI' with a new CUSIP number. The company continues to operate in the energy sector, providing solutions and holding interests in oil and gas assets.
Camber Energy, Inc. has received a notification from the NYSE American regarding its common stock trading below compliance thresholds. As of November 7, 2022, the stock's 30-day average price is under $0.20, necessitating a sustained price improvement or a reverse stock split by May 7, 2023. Although the stock currently remains listed under symbol CEI, it will receive a '.BC' designation indicating its below compliance status. This letter does not impact ongoing operations or SEC reporting requirements.
Camber Energy's majority-owned subsidiary, Viking Energy Group, has received a Notice of Allowance from the USPTO for its patent application related to an ozone-based waste treatment system. This technology aims to enhance waste disposal in medical settings, potentially addressing the harmful emissions associated with traditional methods. The global medical waste management market is projected to grow at a CAGR of 5.4% through 2025. The issuance of the patent is expected in the coming months, positioning Viking for growth in this critical sector.
Camber Energy (NYSE American:CEI) announced on October 3, 2022, that it has regained compliance with the NYSE American's listing standards. This follows the resolution of a deficiency noted in a January 2022 notification after the Company held its Annual Meeting on September 27, 2022. Camber Energy is a growth-oriented energy firm providing energy solutions and owning oil and gas assets in the U.S. It also holds intellectual property rights to innovative technologies, including a carbon capture system and waste treatment solutions.
FAQ
What is the current stock price of Camber Energy (CEI)?
What is the market cap of Camber Energy (CEI)?
What does Camber Energy, Inc. do?
What are the main business segments of Camber Energy?
What is the focus of Camber's Power Generation segment?
What recent achievements has Camber Energy made?
What are some of the other technologies Camber is involved with?
Who is the majority-owned subsidiary of Camber Energy involved in power solutions?
How does Camber Energy address regulatory requirements?
Where can I find more information about Camber Energy?
What steps is Camber taking to engage with its investors?
What is the significance of Camber's patented technologies?
