Camber Energy is a publicly-traded energy company with a balanced asset base in Texas and Oklahoma that is actively engaged in the exploitation, development, and production of crude oil, natural gas and natural gas liquids. It targets existing and potential asset bases by acquiring properties in areas with geology and returns where it can leverage technical competence, knowledge, and database.
This is a turnaround and it’s working – the market just hasn’t realized it yet. New management took over in the middle of 2017, and they’ve been successfully revitalizing the business. The new CEO communicates openly and clearly with shareholders which is essential for establishing trust and credibility in the midst of a turnaround. They have publicly provided milestones that they intend to achieve this year, and so far, they’re right on target.
We really like this management team, lead by CEO Richard Azar, and we believe he has the experience and skill to pull this off.