Camber Energy, Inc. (NYSE:CEI) [Trend Analysis] knocking active thrust in leading trading session, shares a gain of 16.90% to 0.83 with around 1.75 Million shares have changed hands in this session. Camber Energy, Inc. (NYSEMKT:CEI) reported that its newly formed subsidiary, Camber Permian II LLC, has entered into a definitive Purchase and Sale Contract with private sellers to acquire oil and gas leases covering approximately 15,500 gross acres in the Permian Basin for $11.03 million.
The Arrowhead Project covers a contiguous block of acreage across the Yoakum and Cochran County line of the Permian Basin and includes a completed horizontal San Andres well and a salt-water disposal well, both currently shut-in. CPII will put the San Andres well back into production once the salt-water disposal well is placed into service. The transaction, which is targeted to close on or before March 30, 2017, is subject to, among other things, certain purchase price adjustments pursuant to title confirmation and a customary due diligence investigation. The stock is going forward its fifty-two week low with 43.10% and lagging behind from its 52-week high price with -89.60%.
Similar, the positive performance for the quarter recorded as -36.64% and for the year was -72.52%, while the YTD performance remained at -33.06%. CEI has Average True Range for 14 days of 0.11.
Shares of AT&T Inc. (NYSE:T) [Trend Analysis] swings enthusiastically in regular trading session, it an increase of 0.98% to close at $42.36. A global real estate investment firm has acquired a Hilton-branded hotel near AT&T Stadium in Arlington, which is a short drive from Dallas/Fort worth International Airport. Terms of the deal were undisclosed. The 308-key Hilton Hotel in Arlington was acquired by Los Angeles-Based U.S. OCG Inc. at a time more and more hotels are being brought to the North Texas market.
Real estate sources say in downtown Dallas there are 15 new hotels that are in various phases of development and planning. That development is fueled by Dallas’ rapidly growing and diversified economy, as well as the strong lodging demand and RevPAR increases that are well above the national average, said Tim Southard, an executive vice president for JLL. Southard, Robert Webster and John Harper of JLL led the deal on behalf of the seller, Thayer Lodging Group. Moving forward to saw long-term intention, the experts calculate Return on Investment of 7.20%. The stock is going forward its fifty-two week low with 21.22% and lagging behind from its 52-week high price with -0.41%. T last month stock price volatility remained 1.18%.