CLR News and Press, Continental Resources Inc. From 03/18/20

Saudi Arabia officially declared a price war on its oil-producing competitors over the weekend. This comes as a massive secondary shock to the system in the face of the expected plunge in oil demand as COVID-19 continues to spread around the world. Many entities, ranging from the main bellig...

The energy sector ( XLE -10.3% ) again trades behind the remaining 10 S&P sectors, pressured by another sharp drop in the price of crude oil and the persistence of weak sentiment. More news on: Energy Select Sector SPDR ETF, Marathon Petroleum Corporation, Diamondback Energy, Inc., E...

The Energy Select Sector SPDR ETF ( XLE ), headed by Exxon Mobil ( XOM ), dropped by just over 25 percent in the week. Occidental Petroleum Corporation ( OXY ) lost more than 50 percent of its value during the week, before recovering on Friday. Source: Seeking Alpha XLE's Largest Holding...

I will go to my grave... believing that really loose monetary policy greatly contributed to the Financial Crisis. There were obviously problems with regulation, but when we had a 1% Fed Funds rate in 2003 after, to me, it was pretty obvious that the economy had turned (up) and I think the e...

Despite a 3% rise this morning to $32/64.bbl, crude oil is set to record a nearly 21% drop this week, marking the worst week since the financial crisis (its down almost 50% YTD). More news on: Marathon Oil Corporation, Pioneer Natural Resources Company, Apache Corporation, News on ET...

Quorum Health (NYSE: QHC ) -53% . More news on: Quorum Health Corporation, Sasol Limited, Enable Midstream Partners, LP, Stocks on the move, Read more ...

The Trump administration is strongly considering pushing federal assistance for oil and natural gas producers ( XLE +3.1% ) hit by plummeting oil prices, the Washington Post reports. More news on: Energy Select Sector SPDR ETF, Continental Resources, Inc., SPDR S&P Oil & Gas ...

Ovintiv (NYSE: OVV ) +67%  after yesterday's 72% plunge . More news on: Ovintiv Inc., Cypress Semiconductor Corporation, Yield10 Bioscience, Inc., Stocks on the move, , Read more ...

Just a few weeks ago, it seemed there were deals to be had on a relative basis in upstream energy recently - key word being relative. Discounts to net asset value ("NAV"), recent public and private comps, and in comparison to the peer group matters not when the market goes from pricing in a ...

Plunging oil prices will expose a "significant portion" of the $348B of investment grade index-eligible debt that is BBB rated to downgrade and aggravate strains in the broader U.S. credit market, Morgan Stanley says. More news on: Chesapeake Energy Corporation, Whiting Petroleum Corporati...