Chad don't name call we are in america i assume don't stoop to the level of those barbarians we speak of .any way yes it is complicated .There are segments of the house of saud that supported Isis in the beginning.But Isis want s the shias and the saudi dictatorship dead and out of power.This is the goal for them.And to control mecca and Medina. Do a little research
Because they sold off all their hedges, and now the oil has gone below $75/barrel, they are losing big money every day. Plus the added pressure of Hamm divorce and the hold on 20 million shares. If she wins more money, then there will be even more pressure to sell shares. If the oil stays at below $75, this stock will drop into the $30 range, and then the court will have to put an even larger levy on Hamm's shares to make up the 1 billion. Everything that happens from this point on in the media (except for the reporting of crude going higher) is going to cause this stock to drop a little bit every week.
you idiot. isis was funded/armed and created by the us gov't and also helped out by saudi, qatar and a few other countries. They are there to overthrow assad in syria, which is what america wants.
In the meantime, Mrs. Hamm would be a fool to agree for that measly one billion dollar settlement.
I see an appeal coming for the Mrs.
NEW YORK ( TheStreet) -- As oil prices continue to deteriorate, with the benchmark American WTI and European Brent crudes dropping to their lowest four-year levels on Thursday, Continental Resources (CLR) has done the unthinkable. The Oklahoma-based oil company is selling all of its crude oil hedges through 2016, making the company even more exposed to commodity price risk.
Apparently, by selling the hedges, Continental is effectively betting on a rebound in crude prices in the near term. The company does not "have any (oil) production locked in at any price, so it's purely playing the market" wrote Jason Wangler, an analyst at Wunderlich Securities, in an email to TheStreet.
So if oil continues to drop, CLR will get slaughtered. Pretty risky move there and only time will tell what happens. The us gov't is going to continue to crush oil to sanction russia. Saudi increases production and loves this because it drives the us shale companies into the ground.
definitely nothing more than the huge slide in the price of oil !!!! All companies in the energy sector are down substantially for the same reason !!!!!