Streetbeat News

VKIN

Viking Energy Group Inc

https://www.vikingenergygroup.com

CEO

James Doris

Employees

127

Industry

Securities and Commodity Exchanges

Open

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Mkt cap

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Volume

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High

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P/E Ratio

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52-wk high

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Low

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Div yield

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52-wk low

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Camber Energy Inc (AMEX:CEI) shares are trading lower after a surge of more than 50% on Friday due to the approval of a merger with Viking Energy (OTCQB:VKIN). The merger, expected to be completed by August 1, will result in Viking becoming a wholly owned subsidiary of Camber. Camber expects to benefit from several aspects of Viking's business, including its custom energy and power solutions, clean energy and carbon capture system, and proprietary open conductor detection systems.

Portfolio Pulse from Adam Eckert

July 24, 2023 | 12:27 pm

Camber Energy, Inc. (NYSE:CEI) and Viking Energy Group, Inc. (OTCQB:VKIN) have announced that their shareholders have approved the merger between the two companies. The merger is expected to be completed on or about August 1, 2023, subject to the satisfaction of required closing conditions. Post-merger, Camber will acquire full legal and accounting control of Viking, allowing it to report underlying subsidiary revenues at the Camber level and benefit directly from Viking's business activities.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 12:33 pm

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