Houston energy co. sets aside cash for future acquisitions after latest deal closes

Houston-based Camber Energy Inc. (NYSE: CEI) has plans for an active acquisition campaign now that its merger with Lineal Star Holdings LLC has closed.

Camber has set aside $4 million to be used, along with debt funding, in acquisitions, the company said in an Aug. 1 press release. Its management team is reviewing acquisition opportunities on an ongoing basis, the company said.

One such deal might be the potential acquisition of an unnamed Houston-based engineering and procurement company, according…


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