Continental Resources Inc Stock News

Continental Resources has gone from being a tool to trade the price of oil to a potential source of sky-high dividends and buybacks.

In its weekly release, Baker Hughes Company (BKR) reports that the U.S. rig count is higher than the prior-week tally.

Some decisions made over the last decade have hindered U.S. capacity.

Crude oil prices have pulled back from the highs, dipping about 30%. Thus, here are some cheap oil stocks to look at as a result.

In its weekly release, Baker Hughes Company (BKR) reports that the U.S. rig count is in line with the prior-week tally.

Continental Resources (CLR) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

The ban of Russian oil imports in the U.S. will continue to support independent crude oil stocks with major exposure to domestic oil markets. The post 7 Crude Oil Stocks That Could Benefit From Biden'

The U.S. shale patch is on the verge of a new boom in mergers and acquisitions, in which companies that have expanded with recent deals are expected to continue growing via acquisitions of scale to build acreage and take advantage of the high oil prices, Reuters reported on Tuesday, citing interviews with a dozen sources in the industry. Industry analysts and sources expect companies like Continental Resources, Pioneer Natural Resources, Diamondback Energy, Devon Energy, and EQT Corporation to continue making deals, emerging as the “mini-majors”…

Continental Resources (CLR) reported earnings 30 days ago. What's next for the stock?

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A challenging macro environment continued to roil markets last week with the S&P 500 dropping 2.4% and the Nasdaq dropping 3.6%. Inflation remained persistently high, rising 7.9% in February , WTI crude briefly touched $130 per barrel earlier in the week (Brent went even higher touching $140 per barrel) and the war in Ukraine shows no signs of abating. The humanitarian toll this unnecessary war is creating is painful to watch. Millions have lost their homes, evacuation corridors have come under shelling and the economic damage this conflict will cause is likely to be widespread. Given the hit to supply from sanctions on Russia, domestic crude producers like Continental Resources (NYSE: CLR ) and Diamondback Energy (NASDAQ: FANG ) are uniquely positioned to benefit from higher WTI crude prices. Other companies in the energy complex including transportation companies (pipelines) like Enbridge (NYSE: ENB ) and Enterprise Product Partners (NYSE: EPD ), service companies like Baker Hughes (NASDAQ: BKR ) and Halliburton (NYSE: HAL ) and downstream refiners like Marathon Petroleum (NYSE: MPC ) and Valero Energy (NYSE: VLO ) are also going to benefit from higher oil prices.

PHX Minerals: An Interesting But Lagging Natural Gas Player

Continental Resources founder and chairman Harold Hamm has bought about $20 million of the shale producer''s stock, according to a regulatory filing published on Wednesday.

Not All Oil Is Equal: Why Banning Russia''s Crude Is Risky By Irina Slav of OilPrice.com Crude oil prices are soaring, with Brent breaking $130 over the weekend as the United States and Europe discussed banning Russian oil imports. But according to some industry insiders, this might not be the smartest move. "The only way to stop Putin is to ban oil and gas exports," Scott Sheffield, chief executive of Pioneer Natural Resources, told the Financial Times in an interview last week. "[But] if the western world announced that we''re going to ban Russian oil and gas, oil is going to go to $200 a barrel, probably — $150 to $200 easy." The narrative in support of a ban is that U.S. local production will make up for the canceled imports. According to Sheffield, however, the process of making up will take a while. The U.S. shale oil industry has certainly benefited from higher oil prices, but it has also seen its fair share of problems, reflecting broader difficulties in the U.S. economy after the pandemic.