CLR News and Press, Continental Resources Inc. From 07/10/20

Investment Thesis An emerging threat to oil and gas companies, environmental rulings by judges are causing billions of dollars in economic damages, delaying, altering, or cancelling projects, and proving to be a very real and present risk factor to the industry. Keeping tabs on these develop...

The energy sector is a highly competitive, dog-eat-dog business. The fallout from a new judicial order compelling the closure of the Dakota Access Pipeline (DAPL) shows how one company’s loss can often be the catalyst for another company’s gain. On July 6, a federal judge order...

On July 6th a US district court ordered the Dakota Access Pipeline (DAPL) to shut down by August 6th, pending further environmental review. This sent the share prices of affected companies Energy Transfer ( ET ), Continental ( CLR ), Phillips 66 Partners ( PSXP ) and others down substantia...

Insider buying decreased last week with insiders purchasing $183.24 million of stock compared to $286.95 million in the week prior. Selling also decreased with insiders selling $975.88 million of stock last week compared to $2.21 billion in the week prior. Given that we are at the start of a n...

Shares of  Continental Resources   (NYSE: CLR) jumped 32.5% in May, according to data provided by  S&P Global Market Intelligence . Several factors fueled that rally, including the continued rebound in the oil market, which enabled the oil producer to start turning s...

OKLAHOMA CITY , June 29, 2020 /PRNewswire/ -- Continental Resources, Inc. (NYSE: CLR) ("Continental" or the "Company") today announced that its Founder and Executive Chairman, Harold Hamm , purchased 4,736,264 shares of Continental common stock on the open market from June 22, 2020 to ...

Insider buying more than doubled last week with insiders purchasing $286.95 million of stock compared to $123.37 million in the week prior even as the S&P 500 declined nearly 3% for the week. The large spike in COVID-19 cases in both Texas and Florida caught the attention of investors and ...

Continental Resources (NYSE: CLR ) executive chairman Harold Hamm added $57.1M of shares in the company in recent days, at an average price of $16.62, according to an SEC filing . More news on: Continental Resources, Inc., Energy stocks news, Read more ...

Crude oil prices screamed higher last month. WTI, the leading U.S. oil price benchmark, zoomed 88%, pushing back over $35 a barrel. That big-time bounce back gave several oil producers the confidence to  restart oil pumps they idled earlier this year . However, not all  oil p...

Oil prices have recovered nicely since the bottom reached in March of just under $17/barrel for WTI. We are currently at over $38/barrel, which is more than double from the lows we saw this year. It is nevertheless not nearly enough to sustain the shale industry overall and we may yet see anot...