CLR News and Press, Continental Resources Inc. From 04/13/20

In this episode of  Industry Focus: Energy , Nick Sciple and Motley Fool contributor Jason Hall chat about news from the oil industry, answer listeners' questions, and talk about some recession-resistant stocks for your watch list. To catch full episodes of all The Motley Fool's free pod...

Several years ago, I correctly forecast that deep water drillers are doomed . Now, it's the shale oil companies' turn. Investors need to run from shale stocks as fast as they can. We are about to see a massive wave of shale oil bankruptcies by thieving executives who have borrowed agains...

Multiple news outlets are reporting that Saudi Arabia and Russia have reached an agreement in principle to reduce their oil production. The move by two of the world's top oil-producing nations would help stabilize a market that has been under siege. Cratering demand amid the COVID-19 outbreak h...

Demand for oil has cratered because of the COVID-19 outbreak. That's causing crude to  pile up in storage terminals around the world . Those facilities are quickly filling to the brim, which is causing concern that the industry will soon run out of space to store oil. That's leading pi...

The Texas Railroad Commission ("RRC") has been asked ("The Motion") to conduct a "Market Demand Hearing" and to issue an order effective May 2020 production pursuant to its findings by Pioneer Natural Resources USA, Inc. ( PXD ) and Parsley Energy, Inc. ( PE ). The basis for the petition is th...

Energy companies continue to cut deeply into their 2020 spending plans to combat plunging demand for oil amid the COVID-19 outbreak and subsequent shutdown of much of the global economy. While many companies are working hard to  preserve their dividends  during this uncertain time...

Welcome to the treadmill edition of Oil Markets Daily! Picture yourself running on a treadmill. But now imagine it being a manual one (I have one at home and it is amazing). The problem with the manual treadmill is that the faster you run, the harder you have to keep running just to ke...

Crude oil futures (CL1: COM) reversed earlier gains to settle sharply lower , coming under pressure after a U.S. government report cut its U.S. and global price forecasts and outlook for domestic production for this year and next. More news on: Energy Select Sector SPDR ETF, The Wi...

Oil prices turned upward today, with WTI, the U.S. oil price benchmark, rising roughly 2% by 10:45 a.m. EDT. Fueling that rally was news that U.S. producers are starting to cut their output in a move that will help ease the glut of oil  filling up storage terminals around the country ....

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...