Oil Price Per BBL

[Oklahomabassin]

For some companies it's not. Harold Hamm, CEO of Continental Resources recently said that he could make money with oil at $50. He also dropped ALL of his hedges so he's totally exposed now and he did that a few weeks after making that comment. Is he playing poker with the Saudis? Time will tell...

His net worth has taken a huge hit. He better hope he has a damn good hand.

 

[inactive]

His net worth has taken a huge hit. He better hope he has a damn good hand.

Because of oil prices or the divorce?

 

[Shadowrider]

His net worth has taken a huge hit. He better hope he has a damn good hand.

Trust me he just might. And his net worth was barely scratched by his divorce. The oil price has done some damage but if things pan out like they think, well it's going to be huge when the economy comes back.

 

[inactive]

Barely scratched? It may have been 5% of his then 20 billion, but I think that's 10% now based on the speculation his worth was cut in half with the oil slump.

A billion dollars may be a scratch, but it's still a thousand million.

 

[Oklahomabassin]

Because of oil prices or the divorce?

Both. Continental stock price has been a pretty heavy rock, well before the oil slump. Is Continental stock a great buy, yet?

 

[Shadowrider]

Barely scratched? It may have been 5% of his then 20 billion, but I think that's 10% now based on the speculation his worth was cut in half with the oil slump.

A billion dollars may be a scratch, but it's still a thousand million.

Yea, but he has 19,000 more of them. Or maybe 14,000 now but how much can one spend anyway?

And I just bought more this week. CLR dropped over 20% in a single day last week! If that's not a buy signal I don't know what is barring serious financial issues which CLR hasn't any. It'll come back in a few weeks.

 

[internetscout]

When I worked in the patch all the old guys said it was only a matter of time before the bottom fell out. A bust always follows a boom. Can Oklahoma survive another real bust?

 

[Oklahomabassin]

Yea, but he has 19,000 more of them. Or maybe 14,000 now but how much can one spend anyway?

And I just bought more this week. CLR dropped over 20% in a single day last week! If that's not a buy signal I don't know what is barring serious financial issues which CLR hasn't any. It'll come back in a few weeks.

Yep. (Bout the stock)

 

[Okie4570]

Yea, but he has 19,000 more of them. Or maybe 14,000 now but how much can one spend anyway?

And I just bought more this week. CLR dropped over 20% in a single day last week! If that's not a buy signal I don't know what is barring serious financial issues which CLR hasn't any. It'll come back in a few weeks.

I thought it was money well spent as well

 

[Wheel Gun]

This is not just cyclical. The Saudis did this to us (and the rest of the world) intentionally. This is a serious attack on us and our oil industry from our good friends in Saudi Arabia.