Continental Resources Stock News

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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.

Crude oil prices continued their relentless rise higher Tuesday after the U.S. announced a Russian oil ban. But market strategists are urging investors not to overreact to the latest inflationary shock. Recession talk is premature, for one thing. The equity market, while broadly humbled, is hardly broken. And opportunities for outperformance remain, at both the equity and sector level – especially in energy stocks – according to analysts and strategists. SEE MORE 66 Best Dividend Stocks You Can Count On in 2022 Most importantly, panicking never did any investor any good. "The macroeconomic indicators do not give hope for a quick recovery, compounded by the continuing Russia-Ukraine war," says Kunal Sawhney, CEO of research firm Kalkine Australia. "However, freaking out at the possibility of a longer period of disruption won''t help." The Russian oil ban, announced Tuesday by President Joe Biden, includes not just Russian crude, but also liquefied natural gas and coal. Global benchmark Brent crude oil prices broke above $132 a barrel on the news.

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

The oil and gas company Continental Resources is investing $250 million over the next two years to help build the largest carbon capture and sequestration project of its kind in the world, the project

Analysts have provided the following ratings for Continental Resources (NYSE: CLR ) within the last quarter: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 6 0 3 0 Last 30D 0 1 0 0 0 1M Ago 0 2 0 0 0 2M Ago 0 3 0 1 0 3M Ago 0 0 0 2 0 According to 9 analyst offering 12-month price targets in the last 3 months, Continental Resources has an average price target of $59.56 with a high of $70.00 and a low of $41.00. Below is a summary of how these 9 analysts rated Continental Resources over the past 3 months. The greater the number … Full story available on Benzinga.com

The investment by Harold Hamm''s Continental Resources is expected to help raise additional capital for the project

Continental Resources (CLR) +1.8% pre-market after saying it will commit $250M over the next two years to help fund the development and construction of the largest carbon capture…

CASSELTON, N.D., March 2, 2022 /PRNewswire/ -- Today, Summit Carbon Solutions announces a strategic investment from Continental Resources, Inc. (NYSE: CLR) to create the largest carbon capture and sequestration project of its kind in the world. Continental Resources will commit $250…

Frackers like Continental Resources and Diamondback Energy have recently shown significant capital restraint to avoid the mistakes of the past.