18 May 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC director David L Boren sold 3,334 shares at $71.11.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
18 May 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC CEO & Chairman Hamm Harold bought 100,000 shares on the open market.
3 May 2012quarterly activities report● Neutral
CONTINENTAL RESOURCES, INC reported quarterly revenue of $1004.7 million and net income of $405.7 million for the period ended 2012-06-30.
3 May 2012quarterly activities report● Neutral
CONTINENTAL RESOURCES, INC reported quarterly revenue of $1004.7 million and net income of $405.7 million for the period ended 2012-06-30.
27 Apr 2012business combination● Neutral
Continental filed the registration statement promised when it sold the 5% notes due 2022 in March 2012. It offers to swap up to $800 million of the unregistered notes for identical registered ones, with Banner Pipeline guaranteeing them. The new notes have the same terms as those issued March 8, 2012, except they are freely tradable. The exchange expiry date is blank and the filing is not yet effective. This continues the open thread on the 2022 notes exchange.
26 Apr 2012agm notice● Neutral
CONTINENTAL RESOURCES, INC announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
19 Apr 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC SVP, Exploration Stark Jack H gifted 98,032 shares.
19 Apr 2012quarterly activities report● Neutral
CONTINENTAL RESOURCES, INC reported quarterly revenue of $395.1 million and net income of $69.1 million for the period ended 2012-03-31.
11 Apr 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC SVP, Business Development Bayardo Jose A received 23,333 shares as part of the equity award.
11 Apr 2012director interest notice● Neutral
Bayardo Jose A became a CONTINENTAL RESOURCES, INC SVP, Business Development and company insider (initial ownership filing).
3 Apr 2012business combination● NeutralMajor
Continental filed a preliminary proxy statement for its June 14, 2012 annual meeting (record date April 17, 2012). Alongside director elections and auditor ratification, shareholders will vote on issuing shares for the Wheatland purchase agreed on March 27, 2012. The fee table values the deal at $340 million, based on 3,900,424 shares at $87.17. The filing is preliminary, and the outstanding share count and mailing dates are left blank. This follows up the earlier Wheatland announcement and the routine meeting notices.
2 Apr 2012capital raising announcement● NeutralMajor
On March 27, 2012 Continental agreed to buy substantially all the oil and gas properties of Wheatland Oil Inc. (in Mississippi, Montana, North Dakota and Oklahoma) for $340 million, paid in Continental shares. Wheatland is owned 75% by CEO Harold Hamm's revocable trust and 25% by President and COO Jeffery Hume, so this is a related-party deal. The share count depends on a 20-day average price, with the price floored at $80.00 and capped at $87.18, giving about 3.9 million to 4.25 million shares before adjustments. It needs approval at the 2012 annual meeting, where the issuance will not count as approved unless a majority of shares held by outsiders (excluding directors, executive officers, Hamm and Hume and their affiliates) vote yes. The disinterested directors approved it on a special committee's recommendation. The press release describes Wheatland's main assets as about 5% of the interest Continental acquired under a 2002 Bakken participation agreement. Hamm and Hume also get registration rights for the shares.
2 Apr 2012agm notice● Neutral
CONTINENTAL RESOURCES, INC announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
28 Mar 2012agm notice● Neutral
CONTINENTAL RESOURCES, INC announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
9 Mar 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC Sr. V.P. Exploration Stark Jack H exercised stock options for 82,000 shares and disposed of 114,984 shares.
8 Mar 2012debt financing● NeutralMajor
The $800 million 5.0% senior unsecured notes closed under a March 8, 2012 indenture with Wilmington Trust, National Association, guaranteed by Banner Pipeline. They mature September 15, 2022, with interest each March 15 and September 15 starting September 15, 2012, and are redeemable from March 15, 2017. A registered exchange is to be completed within about 400 days. This completes the deal priced on March 5; the filing describes Banner as one of two subsidiaries.
6 Mar 2012material agreement● NeutralMajor
On March 5, 2012 Continental priced $800 million of 5.0% senior unsecured notes due 2022, sold at par in a private placement to initial purchasers led by Merrill Lynch. Part of the proceeds will repay revolver borrowings, with the press release adding general corporate purposes. It is a third bond sale after the 2020 and 2021 notes and again carries a promise to later register the notes.
5 Mar 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC Sr. VP, Land Owen Steven K sold 2,500 shares at $92.17.
28 Feb 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC Sr. VP, General Counsel & Sec Eissenstat Eric Spencer sold 3,000 shares at $94.81.
24 Feb 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC Sr. V.P., Operations Muncrief Richard E received 7,500 shares as part of the equity award.
22 Feb 2012quarterly activities report● Neutral
CONTINENTAL RESOURCES, INC reported quarterly revenue of $395.1 million and net income of $69.1 million for the period ended 2012-03-31.
17 Feb 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC Sr. VP, General Counsel & Sec Eissenstat Eric Spencer had 3,817 shares withheld for taxes on vesting stock.
25 Jan 2012quarterly activities report▼ Bad
CONTINENTAL RESOURCES, INC reported quarterly revenue of $114.1 million and a net loss of $112.1 million for the period ended 2011-12-31.
23 Jan 2012substantial holder notice● Neutral
Bert H. Mackie, H. Thomas Hamm reported a CONTINENTAL RESOURCES, INC shareholding of 14,687,501 shares (8.10% of votes) in a periodic institutional filing.
23 Jan 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC Sr. V.P. Exploration Stark Jack H gifted 12,000 shares.
6 Jan 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC director H R Jr. Sanders sold 1,300 shares at $73.23.
3 Jan 2012director interest notice● Neutral
CONTINENTAL RESOURCES, INC director Grant Robert J gifted 350 shares.
30 Dec 2011director interest notice● Neutral
CONTINENTAL RESOURCES, INC President and COO Hume Jeff B gifted 1,875 shares.
22 Dec 2011director interest notice● Neutral
CONTINENTAL RESOURCES, INC director Ellis L Mccain sold 6,667 shares at $66.10.
20 Dec 2011director interest notice● Neutral
CONTINENTAL RESOURCES, INC Sr. V.P. Exploration Stark Jack H exercised stock options for 6,000 shares and disposed of 6,000 shares.