63.78 0.00 (0.00%)
After hours: 4:45PM EDT
|Bid||0.00 x 800|
|Ask||0.00 x 1100|
|Day's Range||62.35 - 64.01|
|52 Week Range||29.08 - 69.91|
|PE Ratio (TTM)||23.29|
|Earnings Date||Aug 6, 2018 - Aug 10, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||71.56|
Harold Hamm, Continental Resources CEO, discusses the impact of Chinese trade tensions on energy exports, what he thinks about OPEC as the cartel gets set to meet this week in Vienna, as well as his thoughts on the Trump administration's agenda.
Continental Resources (CLR) looks well positioned for a solid gain, but has been overlooked by investors lately.
North Dakota's oil production rose nicely in April, and, with crude prices likely to remain strong, monthly output should break its old record by the end of this month.
Current implied volatility for Anadarko Petroleum stock (APC) is ~29%. In comparison, APC’s peer Apache (APA) had a higher implied volatility of ~32.5%, while Continental Resources (CLR) had an implied volatility of ~34.3%. Meanwhile, Sanchez Energy (SN) has even higher implied volatility of ~70%. In comparison, the Energy Select Sector SPDR ETF (XLE) has an implied volatility of ~17.4%.
Harold Hamm, CEO of Continental Resources Inc., has reportedly pulled out of giving a speech at OPEC’s get-together this week. While the oil market right now has one eye on OPEC’s intrigues and the other on the Permian basin’s blockages, production in North Dakota is quietly booming. Continental is one of the largest operators in the Bakken basin, which stretches beneath North Dakota and Montana, and up into Canada. There was a time when the Bakken generated a buzz in oil circles like the Permian does today.
Harold Hamm, founder and chief executive officer of Continental Resources Inc, has canceled a scheduled appearance at an OPEC event this week in Vienna, a company spokeswoman said. Hamm is the third of five U.S. shale executives to withdraw from a scheduled speaking slot at the OPEC meeting in Vienna.
Insiders in energy companies have been purchasing a lot of shares lately as there are several underlying factors that will drive oil prices in the near term
Hedge funds decreased their net bullish positions in US natural gas futures and options 1.1% to 190,432 on June 5–12. However, the long positions increased 132% or by 108,314 contracts from a year ago. The US CFTC released the data on June 15.
Harold Hamm, founder and CEO of Continental Resources, has canceled a scheduled appearance at an OPEC event this week, a company spokeswoman says.
The SPDR S&P Oil & Gas Exploration & Production exchange-traded fund (XOP) is down 4.5%. • First, none of the energy bears I checked in with at the time were making the case that Saudi Arabia would change policy and increase production — which is what has reversed oil prices. • Second, I’ve been bullish on energy and energy stocks here and in my stock newsletter since the dark days of 2015.
Solid macro-economic fundamentals, government's tax reform and deregulation proposals along with sustained strong earnings performance are major tailwinds for the U.S. economy.
Only a few years ago, shale CEOs and the Organization of the Petroleum Exporting Countries were in open conflict. "We're getting to a point where a continued rise in the oil price is going to cause major problems for the global economy," said Amy Meyers Jaffe, director of the programme on energy security and climate change at the Council on Foreign Relations. OPEC and U.S. representatives have met at least twice this year, with a third high-profile meeting set for Vienna next week.
Losses were broad based as eight out of nine sectors finished the trading session in red. WallStEquities.com has initiated research reports on the following Independent Oil & Gas stocks: ConocoPhillips (NYSE: COP), Continental Resources Inc. (NYSE: CLR), Matador Resources Co. (NYSE: MTDR), and Murphy Oil Corp. (NYSE: MUR).
Only a few years ago, shale CEOs and the Organization of the Petroleum Exporting Countries were in open conflict. "We're getting to a point where a continued rise in the oil price is going to cause major problems for the global economy," said Amy Meyers Jaffe, director of the program on energy security and climate change at the Council on Foreign Relations.
Iran is OPEC’s third-largest oil producer. Reuters surveys estimate that Iran’s crude oil production decreased by 20,000 bpd (barrels per day) to 3.80 MMbpd (million barrels per day) in May—compared to the previous month. However, Iran’s oil production is near a nine-year high.
Continental Resources (CLR) founder, Chairman and Chief Executive Harold G. Hamm bought $8.9 million in shares of the independent oil producer. Hamm also owns 236 million Continental shares through limited liability companies that he controls. In several transactions in late February and early March Hamm paid $7.8 million for 156,900 Continental shares, about $50.01 each.
Investors need to pay close attention to Continental Resources (CLR) stock based on the movements in the options market lately.
A couple of chief executive officers made notable purchases of their stock this week. Conventional wisdom says that insiders and 10 percent owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit from. Continental Resources, Inc. (NYSE: CLR) saw Harold Hamm, the board chair and chief executive, add to his stake.
Out of 20 of oil producers based in the United States, only five generated more money than the spent in the first quarter of the year
Federal data showed that the U.S. produced more petroleum liquids and natural gas than any other nation for the sixth consecutive year in 2017.
PointLogic, a market intelligence company, estimates that US natural gas consumption dropped ~1.4% to 56.7 Bcf per day on May 17–23. The consumption also decreased ~0.7% or by 0.4 Bcf per day YoY (year-over-year).