Past year: ▲ 68%(44.34 – 74.27 USD)
Each one in plain English, with the numbers worked through for a shareholder.
24 Apr 2013business combination● Neutral
Continental filed a registration statement to swap up to $1.5 billion of the unregistered 4 1/2% notes due 2023 for identical registered notes, guaranteed by Banner Pipeline and CLR Asset Holdings. This fulfils the registration rights promised when the notes were sold in April 2013; terms are unchanged and no new money is raised.
11 Apr 2013debt financing● NeutralMajor
Continental closed the $1.5 billion of 4 1/2% senior notes due 2023 on April 5, 2013 under a new indenture with Wilmington Trust. Interest is paid April 15 and October 15 from October 2013, the notes mature April 15, 2023, and Banner Pipeline and CLR Asset Holdings guarantee them. It plans to repay in full the amount outstanding under its revolver with part of the proceeds, and agreed to exchange the notes for registered ones within about 400 days. This completes the April pricing and starts a new exchange obligation.
10 Apr 2013agm notice● Neutral
CONTINENTAL RESOURCES, INC announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
5 Apr 2013material agreement▲ Good
On April 3, 2013 Continental signed Amendment No. 2 to its 2010 credit agreement with Union Bank. It lets the company suspend borrowing base requirements if Moody's or S&P rates its debt Ba1/BB+ or higher, and release the oil and gas collateral if rated Baa3/BBB- or higher, with a 1.75-to-1 present value to debt test while only one agency is at that level. It continues the 2012 changes to the revolver; the filing does not say any rating threshold has been met.
3 Apr 2013material agreement● NeutralMajor
On April 2, 2013 Continental priced $1.5 billion of 4 1/2% senior unsecured notes due 2023 at par, sold to institutional buyers, with Merrill Lynch as lead purchaser and Banner Pipeline and CLR Asset Holdings as guarantors. Proceeds are intended to repay revolver borrowings and for general corporate purposes. This is another note sale after the $2.0 billion of 2022 notes raised in 2012, and it adds a second guarantor subsidiary.
26 Mar 2013director interest notice● Neutral
CONTINENTAL RESOURCES, INC President & COO Bott Winston F. bought 1,500 shares on the open market at $85.59.
7 Mar 2013director interest notice● Neutral
CONTINENTAL RESOURCES, INC SVP, General Counsel & Sec Eissenstat Eric Spencer sold 2,500 shares at $86.40.
7 Mar 2013director interest notice● Neutral
CONTINENTAL RESOURCES, INC SVP, Exploration Stark Jack H sold 12,000 shares at $86.49.
7 Mar 2013director interest notice● Neutral
CONTINENTAL RESOURCES, INC SVP, Land Owen Steven K sold 4,500 shares at $86.57.
5 Mar 2013director interest notice● Neutral
CONTINENTAL RESOURCES, INC director Grant Robert J sold 2,500 shares at $87.05.
28 Feb 2013quarterly activities report● Neutral
CONTINENTAL RESOURCES, INC reported quarterly revenue of $702.6 million and net income of $140.6 million for the period ended 2013-03-31.
20 Feb 2013director interest notice● Neutral
CONTINENTAL RESOURCES, INC SVP, General Counsel & Sec Eissenstat Eric Spencer had 3,962 shares withheld for taxes on vesting stock.
23 Jan 2013quarterly activities report● Neutral
CONTINENTAL RESOURCES, INC reported quarterly revenue of $689.0 million and net income of $220.5 million for the period ended 2012-12-31.
8 Jan 2013director interest notice● Neutral
CONTINENTAL RESOURCES, INC Sr. VP & CFO Hart John D gifted 35 shares.
2 Jan 2013director interest notice● Neutral
CONTINENTAL RESOURCES, INC director Grant Robert J gifted 300 shares.
27 Dec 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC Sr. VP & CFO Hart John D sold 2,500 shares.
27 Dec 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC Vice Chairman of SGI Hume Jeff B sold 62,398 shares at $73.17.
26 Dec 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC Vice Chairman of SGI Hume Jeff B sold 2,600 shares at $74.25.
19 Dec 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC Vice Chairman of SGI Hume Jeff B gifted 1,977,964 shares.
5 Dec 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC SVP, Exploration Stark Jack H gifted 700 shares.
29 Nov 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC SVP, Land Owen Steven K had 2,220 shares withheld for taxes on vesting stock.
29 Nov 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC SVP, Business Development Bayardo Jose A had 1,057 shares withheld for taxes on vesting stock.
14 Nov 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC director Mcnabb John T II sold 7,666 shares at $69.94.
14 Nov 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC director Mcnabb John T II sold 7,666 shares at $69.94.
8 Nov 2012quarterly activities report● Neutral
CONTINENTAL RESOURCES, INC reported quarterly revenue of $689.0 million and net income of $220.5 million for the period ended 2012-12-31.
8 Nov 2012quarterly activities report● Neutral
CONTINENTAL RESOURCES, INC reported quarterly revenue of $689.0 million and net income of $220.5 million for the period ended 2012-12-31.
2 Nov 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC President & COO Bott Winston F. received 9,618 shares as part of the equity award.
2 Nov 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC SVP, Operations Muncrief Richard E received 27,538 shares as part of the equity award.
2 Nov 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC Sr. VP & CFO Hart John D received 31,638 shares as part of the equity award.
2 Nov 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC CEO & Chairman Hamm Harold received 100,725 shares as part of the equity award.
