If you’ve followed Camber Energy in the last couple of years, you’ve probably noticed things haven’t been smooth. After being dropped by the stock exchange, shifting to less-visible trading, and struggling with mounting losses, many folks wonder if the company is actually heading out of business. Here’s what’s really going on, explained in plain language.
Quick Background: Where Camber Energy Stands Right Now
Camber Energy is a small oil and gas company that’s had a rough run lately. A few years back, it popped up on Reddit threads and penny stock lists, but those days are long gone. Now, the main headlines are all about financial stress, rapid share price drops, and whether Camber will survive at all.
The company isn’t totally out of business as of August 2025. But, in financial circles, it’s about as close to the edge as you get without officially shutting the doors.
Getting Booted from NYSE American
One of the biggest shocks for investors came in August 2024, when Camber Energy got notice from NYSE American (the stock exchange where it was listed).
It’s harsh but simple: If your company can’t keep its stock price above a minimum—usually around $1 a share for a certain amount of time—the exchange can kick you off. In Camber’s case, the stock had slid way below that level and stayed there.
On August 7, 2024, NYSE American started the process of delisting Camber. The company’s share price was so low and trading was so thin that the exchange deemed the stock no longer “suitable” for public listing. That’s a polite way of saying they didn’t think it belonged on a major platform anymore.
Trading was suspended immediately. The company technically had a right to appeal but, honestly, getting re-listed or even stalling the process is very rare in this type of situation. For investors, it was a red flag waving furiously.
Shifting to Over-the-Counter Trading: What That Means
Just because a company is kicked off the NYSE doesn’t mean it can’t be traded at all. Instead, shares usually migrate to the “over-the-counter” or OTC market.
Camber made that jump right away, moving to OTC trading as of August 8, 2024. For those who aren’t finance nerds, OTC is basically the lower league for stocks. Trades happen through networks of brokers rather than on a big, well-known exchange.
Why does that matter? For one, OTC stocks tend to attract a lot less interest. People in the finance world see OTC companies as riskier, so big institutional investors very rarely participate. That limits how much money the company can raise, and it signals to regular investors that there’s more risk.
It also makes borrowing money or issuing new shares a lot harder. In short, life generally gets much tougher for OTC companies.
What Do the Financials Look Like Right Now?
This is the part where things look really rough. For the first nine months of the fiscal year ending September 30, 2024, Camber reported a net loss of about $65 million. That’s a big jump from the year before. Some of that loss comes from what accountants call “goodwill impairment” and dealing with complicated financial contracts, but the fact remains: This is a serious bleed.
The situation doesn’t look better on the balance sheet, either. At the end of September 2024, Camber reported a stockholders’ deficit of more than $32 million. If you’re not familiar, that means the company owes more money than its assets are worth—kind of like being underwater on a mortgage, but for an entire business.
Add in the long-term debt, which was just shy of $40 million, and you get a company whose basic finances don’t add up. When a company’s debts and liabilities outweigh everything it owns, banks get nervous. Lenders may ask for higher interest rates or demand payment more quickly. Suppliers may worry about getting paid. Employees may get anxious that the company’s next move could be layoffs, wage freezes, or worse.
Some Recent Moves: Is Restructuring Enough?
So how does a company in such deep trouble even try to stay afloat? One way is through restructuring—making changes to how and when debt needs to be paid.
In April 2025, Camber Energy announced a move with its majority-owned subsidiary, Viking Energy. Instead of paying back what it owed Viking in cash, Camber did what’s called a “debt conversion.” Basically, they swapped some of their debt for equity or other financial instruments.
Companies do this when they’re running thin on cash and need to keep creditors at bay for a while longer. It doesn’t solve the core problems unless new money or better business results follow. But it does give the company a little breathing room.
These kinds of deals are common if you follow struggling companies. You might remember seeing this happen with other small energy players over the years. Sometimes it buys time; sometimes it just delays the inevitable.
What’s Happening with Camber’s Stock?
Unsurprisingly, the stock price has taken a nosedive. In early 2025, shares of Camber Energy (known under the ticker CEI) were down about 87.5% from a year earlier.
That’s not just a normal, cyclical move—it’s a wipeout. The stock became extremely volatile, meaning prices could swing a lot in a short time. Typically, that scares away long-term investors and attracts only short-term traders or folks hoping for a quick rebound.
But chasing a rebound is especially risky in situations like this. The company hasn’t announced a turnaround plan that seems convincing to veteran analysts. There’s no sign yet that things are about to get much better. And without a clear path to profitability, even die-hard penny stock investors approach with caution.
You’ll see Camber brought up on stock forums and social sites, but these conversations usually come with words like “speculative risk” or “potential bankruptcy.”
What Does All This Mean for the Future?
Right now, Camber Energy keeps operating. It has not filed for bankruptcy, nor has it formally announced going out of business. But based on available financial filings, continued net losses, a big stockholders’ deficit, and these recent debt conversions, the red flags are impossible to ignore.
For anyone thinking about holding or buying the stock, it’s a time for real caution. Most experts agree that, with the company on the OTC market, raising new funds will get harder, not easier. Every quarter that shows more losses further erodes whatever goodwill is left with creditors, vendors, and investors.
There have been some restructuring actions, but there’s no clear new source of cash coming in and no obvious business pivot. The oil and gas field is tough generally, and Camber isn’t showing any sign of outpacing rivals or turning around its core issues.
How Should Investors See the Risks?
If you’ve followed smaller or distressed energy stocks before, this story might feel familiar. Delisting, OTC trading, deep losses, and debt swaps are classic signs of a business in distress. Investors could see some spikes in price if there are trading rumors or news, but the fundamental business picture gives almost no reason for optimism right now.
If you want more context on why companies get delisted, what OTC markets are, and how investors approach turnaround situations, you’ll find explanations and resources at Serabusiness.com. It’s a good place to get the basics and connect the dots.
Most analysts classify Camber Energy as a “high-risk, speculative” investment. That’s a phrase that covers everything from “maybe it’ll recover” to “it might just go quietly out of business.” Right now, there’s not much evidence to bet on a comeback.
The Bottom Line for Camber Energy
Camber Energy isn’t officially gone yet, but it’s in tough shape. The move from major exchange to OTC, big layoffs, mounting losses, and shaky finances all add up to a major warning signal. Unless you’re really into high-stakes risk, it’s a name best approached with a ton of caution.
For now, the most likely next steps are more attempts at restructuring, potential asset sales, or even bankruptcy if new financing can’t be found. If you’re considering buying shares, be honest with yourself about the risks.
We’ll keep following the situation and bring updates if something changes. For now, Camber is still technically around, but it’s facing some very long odds.