Houston upstream co. considers shift into midstream

Houston-based Camber Energy Inc. (NYSE American: CEI) could reinvent itself after a tough few years as an upstream company.

Camber has entered a nonbinding letter of intent to pursue the acquisition of an unnamed company specializing in pipeline integrity services, specialty construction and field services, according to a press release published March 20.

The move would mark a hard pivot away from the company’s previous strategy in exploration and production, and Camber terminated another potential…


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