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2021-10-06

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Why Camber Energy Shares Are Diving Again Today

Camber Energy is trading significantly lower again Wednesday on continued weakness following a short

Why Camber Energy Shares Are Diving Again Today

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The report also warns&nbsp;that Camber Energy recently fired its accounting firm and \"is in danger of having its stock delisted next month.\"</p>\n<p>Kerrisdale Capital said the company's only real asset is a 73% stake Viking Energy, \"an OTC-traded company with negative book value and a going-concern warning that recently violated the maximum-leverage covenant on one of its loans.\"</p>\n<p>The report calls out \"Camber pumpers\" for focusing on the company as a play on&nbsp;carbon capture and clean energy, but notes that Camber Energy's \"'ESG Clean Energy'&nbsp;technology license is a joke.\"</p>\n<p>The stock is overwhelmingly popular among Twitter's \"FinTwit\" community, where traders and investors use the Twitter platform to share ideas and discuss all things finance.</p>\n<p>\"Camber has been a penny stock before&nbsp;–&nbsp;no more than a month ago, in fact&nbsp;–&nbsp;and we expect that it will be once again,\" said Kerrisdale Capital.</p>\n<p><b>CEI Response:</b>Camber Energy responded to the short report from Kerrisdale Capital:</p>\n<p>\"We are not involved in, nor do we comment on, the day-to-day trading of the company's common stock. I can say, however, that our business relationships are legitimate and that we are firmly committed to improving the organization's capitalization and executing on our growth strategy,\" said&nbsp;<b>James Doris</b>, president and CEO of Camber Energy.</p>\n<p>Camber Energy&nbsp;is engaged in the acquisition and development of crude oil and natural gas from various known productive geological formations.</p>\n<p><b>CEI Price Action:</b>Camber Energy has traded as high as $4.85 and as low as 33 cents over a 52-week period.</p>\n<p>The stock was down 26.640% at $1.12 at time of publication.</p>\n<p><img src=\"https://static.tigerbbs.com/e26b80d835e8bfb09573a5b7c024e4bc\" tg-width=\"977\" tg-height=\"559\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Camber Energy Shares Are Diving Again Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Camber Energy Shares Are Diving Again Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-10-06 21:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b><a href=\"https://laohu8.com/S/CEI\">Camber Energy</a></b> is trading significantly lower again Wednesday on continued weakness&nbsp;following a short report on the company from Kerrisdale Capital.</p>\n<p><b>Short Report:</b>&nbsp;Kerrisdale Capital called Camber Energy a&nbsp;\"defunct oil producer.\" The short report claims the company has failed to file financial statements&nbsp;with the SEC since September 2020. The report also warns&nbsp;that Camber Energy recently fired its accounting firm and \"is in danger of having its stock delisted next month.\"</p>\n<p>Kerrisdale Capital said the company's only real asset is a 73% stake Viking Energy, \"an OTC-traded company with negative book value and a going-concern warning that recently violated the maximum-leverage covenant on one of its loans.\"</p>\n<p>The report calls out \"Camber pumpers\" for focusing on the company as a play on&nbsp;carbon capture and clean energy, but notes that Camber Energy's \"'ESG Clean Energy'&nbsp;technology license is a joke.\"</p>\n<p>The stock is overwhelmingly popular among Twitter's \"FinTwit\" community, where traders and investors use the Twitter platform to share ideas and discuss all things finance.</p>\n<p>\"Camber has been a penny stock before&nbsp;–&nbsp;no more than a month ago, in fact&nbsp;–&nbsp;and we expect that it will be once again,\" said Kerrisdale Capital.</p>\n<p><b>CEI Response:</b>Camber Energy responded to the short report from Kerrisdale Capital:</p>\n<p>\"We are not involved in, nor do we comment on, the day-to-day trading of the company's common stock. I can say, however, that our business relationships are legitimate and that we are firmly committed to improving the organization's capitalization and executing on our growth strategy,\" said&nbsp;<b>James Doris</b>, president and CEO of Camber Energy.</p>\n<p>Camber Energy&nbsp;is engaged in the acquisition and development of crude oil and natural gas from various known productive geological formations.</p>\n<p><b>CEI Price Action:</b>Camber Energy has traded as high as $4.85 and as low as 33 cents over a 52-week period.</p>\n<p>The stock was down 26.640% at $1.12 at time of publication.</p>\n<p><img src=\"https://static.tigerbbs.com/e26b80d835e8bfb09573a5b7c024e4bc\" tg-width=\"977\" tg-height=\"559\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CEI":"Camber Energy"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124100768","content_text":"Camber Energy is trading significantly lower again Wednesday on continued weakness following a short report on the company from Kerrisdale Capital.\nShort Report: Kerrisdale Capital called Camber Energy a \"defunct oil producer.\" The short report claims the company has failed to file financial statements with the SEC since September 2020. The report also warns that Camber Energy recently fired its accounting firm and \"is in danger of having its stock delisted next month.\"\nKerrisdale Capital said the company's only real asset is a 73% stake Viking Energy, \"an OTC-traded company with negative book value and a going-concern warning that recently violated the maximum-leverage covenant on one of its loans.\"\nThe report calls out \"Camber pumpers\" for focusing on the company as a play on carbon capture and clean energy, but notes that Camber Energy's \"'ESG Clean Energy' technology license is a joke.\"\nThe stock is overwhelmingly popular among Twitter's \"FinTwit\" community, where traders and investors use the Twitter platform to share ideas and discuss all things finance.\n\"Camber has been a penny stock before – no more than a month ago, in fact – and we expect that it will be once again,\" said Kerrisdale Capital.\nCEI Response:Camber Energy responded to the short report from Kerrisdale Capital:\n\"We are not involved in, nor do we comment on, the day-to-day trading of the company's common stock. I can say, however, that our business relationships are legitimate and that we are firmly committed to improving the organization's capitalization and executing on our growth strategy,\" said James Doris, president and CEO of Camber Energy.\nCamber Energy is engaged in the acquisition and development of crude oil and natural gas from various known productive geological formations.\nCEI Price Action:Camber Energy has traded as high as $4.85 and as low as 33 cents over a 52-week period.\nThe stock was down 26.640% at $1.12 at time of publication.","news_type":1},"isVote":1,"tweetType":1,"viewCount":447,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}

Why Camber Energy Shares Are Diving Again Today

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