STOCK TITAN

VIKING ENERGY GROUP INC - VKIN STOCK NEWS

Welcome to our dedicated page for VIKING ENERGY GROUP news (Ticker: VKIN), a resource for investors and traders seeking the latest updates and insights on VIKING ENERGY GROUP stock.

Viking Energy Group, Inc. engages in the acquisition, exploration, development, and production of oil and natural gas properties in North America. The company owns oil and gas leases in Kansas, Missouri, Texas, Louisiana, and Mississippi. Formerly known as Viking Investments Group, Inc., it changed its name to Viking Energy Group, Inc. in March 2017. Founded in 1989 and headquartered in Houston, Texas, the company is positioned as a growth-oriented diversified energy company focusing on providing custom energy and power solutions to commercial and industrial clients.

One of its major recent achievements includes receiving a Notice of Allowance from the United States Patent & Trademark Office for a utility patent application related to Electric Transmission Line Ground Fault Prevention Systems. This patent demonstrates its commitment to innovation and technological advancements in the energy sector.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.36%
Tags
none
-
Rhea-AI Summary
Camber Energy and Viking Energy Group have announced that their shareholders have approved the Agreement and Plan of Merger between the two companies. The merger is expected to be completed on or about August 1, 2023, subject to closing conditions. If the conditions are met, Camber will acquire control of Viking and benefit from its various business activities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Camber Energy and Viking Energy Group have announced that their shareholders have approved the Agreement and Plan of Merger between the two companies. The merger is expected to close on or about August 1, 2023, subject to closing conditions. If the merger is completed, Camber will gain control of Viking and benefit from its various business activities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Camber Energy and Viking Energy Group announce special meetings to approve business combination on July 20, 2023. The U.S. Securities and Exchange Commission has declared effective the Registration Statement on Form S-4. Record date set on May 22, 2023. Merger expected to close on or about August 1, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
Tags
none
Rhea-AI Summary
Camber Energy and Viking Energy Group announced a merger, with Camber acquiring full control of Viking. Viking shareholders will receive one share of Camber's common stock for each of their shares. The merger is subject to shareholder approval and other closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

Camber Energy (NYSE American:CEI) and Viking Energy Group (OTCQB:VKIN) announced the filing of a registration statement on Form S-4 with the SEC on April 21, 2023, regarding their proposed merger. This merger aims for a wholly owned subsidiary of Camber to merge into Viking, with Viking continuing as a subsidiary. The deal requires shareholder approval and SEC clearance. Camber initially entered a merger agreement with Viking on February 15, 2021, later amended on April 18, 2023. Both companies are growth-oriented diversified energy firms offering energy solutions and holding exclusive licenses for patented carbon-capture systems. Investors are encouraged to review the registration statement for essential details about the merger as it progresses.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none

FAQ

What is the market cap of VIKING ENERGY GROUP (VKIN)?

The market cap of VIKING ENERGY GROUP (VKIN) is approximately 100.5M.

What is Viking Energy Group, Inc. known for?

Viking Energy Group, Inc. is known for engaging in the acquisition, exploration, development, and production of oil and natural gas properties in North America.

Where is Viking Energy Group, Inc. headquartered?

Viking Energy Group, Inc. is headquartered in Houston, Texas.

What are Viking Energy Group, Inc.'s core business activities?

Viking Energy Group, Inc.'s core business activities include providing custom energy and power solutions to commercial and industrial clients.

What recent achievement did Viking Energy Group, Inc. announce?

Viking Energy Group, Inc. recently announced receiving a Notice of Allowance from the United States Patent & Trademark Office for a utility patent application related to Electric Transmission Line Ground Fault Prevention Systems.

When was Viking Energy Group, Inc. founded?

Viking Energy Group, Inc. was incorporated in 1989.

What major change did Viking Energy Group, Inc. undergo?

Viking Energy Group, Inc. was formerly known as Viking Investments Group, Inc. and changed its name to Viking Energy Group, Inc. in March 2017.

VIKING ENERGY GROUP INC

OTC:VKIN

VKIN Rankings

VKIN Stock Data

100.54M
Securities and Commodity Exchanges
Finance and Insurance
Link
US
Houston