The company recently announced the acquisition of Lineal Star Holdings, a pipeline development and maintenance company with its hands in various areas of the energy industry.
In the energy industry, a big problem is aging infrastructure. Oil pumps that aren’t working, pipelines in dire need of repair and other aging areas of the infrastructure are not only unsightly, they are locking down what could be important production.
As a result, there is always a need for the services offered by Lineal Star, and should CEI make the right moves, it could quickly grow this business to be a revenue generator far and beyond what it already is.
It’s also worth mentioning that reverse stock splits are rarely taken lightly by investors. When Camber announced their reverse split and the effectiveness of the move, the stock fell. Nonetheless, this was a very important move.
Through the reverse split, the company maintained access to an important area of the financial market at a time that couldn’t be better. With the acquisition of Lineal Star putting CEI on a stronger foundation and setting the stage for growth, maintaining its NYSE American listing is key.
All in all, Camber has been working to get through probelms with financing and its own operations. However, it seems as though we are reaching a turning point. With the stock being so oversold and undervalued, and the company making moves that will likely lead to growth, CEI is a stock to watch.
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All this stock has done is literally rob all of us for are money!! That’s it. And we were dumb enough to buy them. Horrible company to invest in. Wouldnt recommended it to anyone!
Cei is junk had 705 share whent down to .013 then delisted they came back then i had 36 shares sell if u have dont waist money on it you lose it thier go back to .013 cents again
Reverse split adjusted the stock has gone from $6000 to $2 a share in a single year. How are they not bankrupt? If the reverse splits are not pure price manipulation in the short term in order to attract knife catchers then I don’t know what is. I can’t think of any other non-medical related company that has done this.