Funny . . . When WTI prices were $95 to $100 bbl I didn't hear Harold Hamm suggesting he should reduce price to $70 bbl to be fair to both producers and consumers .

[SKEP + 229]

Why should consumers now bail out Harry.  He needs to learn , as others have, to be competitive with peers. Others are making great returns in the Bakken. 

I think Continental Resources (ticker: CLR) has about $5 Billion of Debt.  Maybe that's the problem. 

Harry Hamm should call Chevron CEO Michael Worth.  I would think he'd take his call. 

Chevron CEO will tell Harry the same as he told Bloomberg during CERRAWEEK. That is, "Cut costs or die".

Reap what you sow.

Just my opinion , but I think Hess buys Continental Resources (CLR)  when Continental price in mid teens to high teens. 

* HESS Bakken production gets 55% return at WTI $50 bbl. 

* Continental Bakken production loses money at WTI $50 bbl.

The solution is simple sell out to Hess Oil.

Edited August 17, 2019 by SKEP