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Continental Resources, will they survive?
Posted on 4/1/20 at 3:32 pm
Posted on 4/1/20 at 3:32 pm
Do they make it through this? I am thinking of averaging down but don't want to throw $ at a dead horse.
3
Posted on 4/1/20 at 3:49 pm to GREENHEAD22
Company didn't make money with oil $50-$60.
Posted on 4/1/20 at 3:56 pm to Texas Tea 123
quote:
Company didn't make money with oil $50-$60.
Very wrong
Posted on 4/1/20 at 3:57 pm to GREENHEAD22
Why throw good money after bad, especially if your current income comes from O&G?
They are unhedged and currently realizing $8/bbl in Williston and will be shutting in a ton of production. Midcon sucked before prices crashed.
They are unhedged and currently realizing $8/bbl in Williston and will be shutting in a ton of production. Midcon sucked before prices crashed.
Posted on 4/1/20 at 4:08 pm to GREENHEAD22
quote:
but don't want to throw $ at a dead horse
I won't tell you what to do and I've been wrong plenty in my life, but if you have a lot of reservation...sit it out. I think they'll "survive" but I don't know that they will still be a public company after all is said and done.
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