Major Big Board Bounce Play for Tomorrow
Published: Mon, 12/18/17
 SMS alerts can make the difference between a profitable trade and a missed opportunity. Text “MOMO” to 555888 to receive our instant, reliable and free SMS alerts. Traders and Investors, Our last trade idea continues to make some nice gains, and while we watch it move higher, we are going back to a big board play we profiled several weeks ago which delivered some major gains for us. Camber Energy Inc (CEI) is back on our radar. The last time we profiled CEI, it was trading at around the $0.15 level in late October. It subsequently went on to explode to the upside, hitting $0.40 in early November just a week or so later. That's roughly a 160% gain. CEI was trading well above $1 this time last year, and has hit $0.40+ twice in the past six months. In fact, CEI has a history of making some big moves. Back in August it gained 55% in one day with over 10 million shares traded, and back in July it ran almost 150% higher over a few weeks. Then in November it gained 135% in one day. CEI has now hit fresh 52 week lows and we think a major bounce could be on the cards. We think a bounce could come any day, and the risk v reward in this trade idea could be very favorable (assuming proper risk management is used). Per OTCMarkets.com, CEI has a very small market cap for a NYSE listed company of just under $10 million, and an even smaller float. On Monday the Company issued a 2017 year end update, detailing all the developments and progress they've made, including debt reduction, new finance and operational achievements among other things. I urge you to read this at https://finance.yahoo.com/news/camber-energy-inc-ceo-2017-130000529.html Based in San Antonio, Texas, Camber Energy (NYSE American: CEI) is a growth-oriented, independent oil and gas company engaged in the development of crude oil, natural gas, and natural gas liquids in the Hunton formation in Central Oklahoma, in addition to anticipated project development in the San Andres formation in the Permian Basin. CEI's leasehold position is concentrated in South and West Texas and Central Oklahoma. In Texas, CEI is positioned in the Austin Chalk resource play and the Eagle Ford shale in the Karnes, Gonzales and Wilson counties in addition to the Permian Basin where they have and are actively acquiring leaseholds. In Oklahoma, CEI is focused on the Hunton formation. CEI's South Texas properties include 100% working interest in over 7,300 acres, primarily producing crude oil from the Austin Chalk formation; and approximately 1,300 acres of this position produces from the Eagle Ford Shale, one of the most prolific resource plays in the U.S , where the Company has non-operated working interests. The Company acquired over 13,000 net acres in the liquids-rich Hunton formation in Central Oklahoma, and 553 net acres in the Permian Basin of Texas pursuant to the Company's transaction with Segundo Resources, et al., which closed in August of 2016. In January 2017, the Company established an initial leasehold position by acquiring 3,630 net acres in pursuit of the San Andres play on the Central Basin Platform region of the Permian Basin. This expands the Company's exposure and its asset base in the Permian. You can learn more about CEI at their website https://www.camber.energy/ Per a recent press release, for the quarter ended March 31, 2017, the Company had revenues of $2.34 million and gross margins of 17.28%. In addition, the Company stated some pretty lofty financial targets. According to the CEO "by the end of next calendar year, I anticipate that Camber could be generating up to $2.0 million per month in EBITDA" We think CEI could make an excellent short to medium term trade idea. With an oversold chart, a history of making big gains, a tiny market cap, and recent news catalysts, CEI could be ready to bounce very soon. The key is getting in before the crowd. Make sure you do your research and be ready to trade. --------------------------------------------------------------------------------------------------------
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