CLR News and Press, Continental Resources Inc. From 04/07/20

Continental Resources (NYSE: CLR ) says it will cut production for April and May by ~30% and suspend its quarterly dividend until further notice, citing weak fuel demand and the impact of COVID-19. More news on: Continental Resources, Inc., Energy stocks news, Stocks on the move, Rea...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Stitcher and Spotify . Stock futures are pointing to another opening jump in early morning trade, up about 4% , following a steep rebound in the previo...

OKLAHOMA CITY , April 7, 2020 /PRNewswire/ -- In response to the demand destruction attributable to COVID-19, Continental Resources, Inc. (NYSE: CLR) ("Continental" or the "Company") today announced the following: "Continental will continue to take decisive action to maximize cash flow ...

Plunging oil demand and dwindling storage options, not a coordinated supply cut with Saudi Arabia and Russia, will force U.S. producers to voluntarily cut production 30%-35% , Continental Resources (NYSE: CLR ) Executive Chairman Harold Hamm tells S&P Global Platts . More news o...

Continental Resources (CLR) has long been one of the more visible players in the unconventional industry. But Harold Hamm, now the executive chairman, has shored up the company's finances since the last downturn. The company has paid off a significant amount of debt while maintaining its low-c...

Shares of  Continental Resources  (NYSE: CLR) cratered 59.7% in March, according to data provided by  S&P Global Market Intelligence . Weighing on the oil company was a more than 50% crash in crude oil prices, which forced it to slash spending.  Crude oil pr...

Synopsis The year 2020 was always looking tough for the oil business. Global demand was estimated to grow this year by about 900,000 barrels per day whist new supplies were seen coming in at about 1.5 million b/day. Producers, especially shale operators, understood the importance of having...

Anyone who tried to sell short into the recent crude oil rally prompted by Donald Trump alluding to a 10 million barrel per day ("mmpd") coordinated cut to oil production has, at least for now, been run over by rampant market optimism. While many tend to levy criticism at Donald Trump and hi...

During a meeting yesterday at the White House with nine oil industry honchos, President Trump promised that the government would help revive the embattled sector in light of the COVID-19-stoked pressure on prices, down 50% since the start of the pandemic, although he said the companies did...

President Trump will meet with the leaders of several large U.S. oil companies on Friday, according to a report by The Wall Street Journal. The newspaper's sources said that the meeting would include the CEOs of  ExxonMobil   (NYSE: XOM) ,  Chevron   (NYSE: CVX) , ...