CLR News and Press, Continental Resources Inc. From 06/16/22

Coterra Energy is one of the most attractive companies in the shale space, boasting operations in three different basins. The company's revenue is almost evenly split between crude oil and natural gas, allowing it to benefit from the differing price swings in each resource. The co...

Comstock Resources is a little-known E&P producing natural gas in the Haynesville Shale. The company's finances improved significantly in the first quarter due to high natural gas prices, helping it to begin reducing its debt. It still has a way to go to get its debt down to t...

Companies like Continental, that slice through rock with sand and water to squeeze out oil and gas, have come into the firing line from investors who want to own more climate-friendly companies. Continental shares were trading above the offer price of $70 a share Tuesday morning. ...

Shares of Continental Resources (NYSE: CLR) have skyrocketed in recent months. The oil company's stock price has more than doubled over the past year, including gaining over 14% at one point on Tuesday. Surging oil prices have been the main fuel driving the oil stock highe...

Continental received a non-binding offer from Harold Hamm to take the company private at $70 per share. The Hamm Family currently owns approximately 83% of Continental's stock. Continental may be able to generate over $5 billion in positive cash flow before dividends in 2022 at cu...

Energy equity indices (XLE) traded flat Tuesday, masking volatility under the surface. Natural gas (UNG) favorites Antero (AR), Southwestern (SWN) and EQT (EQT) dropped ~10%, after Freeport LNG announced that a fire would lead to an extended outage at the nation's largest gas export facility....

Uncertainty ahead of the Federal Reserve's next interest rate announcement led to a choppy session on Tuesday. Following two days of massive declines, the major U.S. equity indices ended the day mixed, as investors waited to see what the central bank would do. While the overall market showed ...

Gainers: Continental Resources (CLR) +14%. Save Foods (SVFD) +11%. GasLog Partners (GLOP) +10%. Dynagas LNG Partners (DLNG) +9%. Loop Industries (LOOP) +8%. Losers: Imperial Petroleum (IMPP) -21%. San Juan Basin Royalty Trust (SJT) -14%. Snow Lake Resources (LITM) -13%. Antero Resou...

Update 12:15pm: Adds comment from CLR holder Smead Capital. Billionaire wildcatter Harold Hamm's $70/share bid for the remainder of Continental Resources (NYSE:CLR) he doesn't already own is likely not a large enough price for the shale driller, according to analysts. CLR shares rose 15%...

Update 12:13pm: Adds comment from CLR holder Smead Capital. Continental Resources (NYSE:CLR) rose 15% after billionaire Harold Hamm offered to buy the remainder of the shale driller he and his family don't already own for $4.3 billion, or $70/share. The $70 offer represents a 9% premium ...