Check out the companies making headlines in midday trading. Continental Resources – Shares soared 14% after the shale company announced an all-cash buyout proposal from the family trust of billionaire founder Harold Hamm. Continental Resources said it’s yet to review the offer that would take the company private in a $ 25.4 billion deal. FedEx … Read more
Take a look at some of the biggest movers in the premarket: Continental Resources (CLR) – The oil and natural gas producer’s stock rallied 7.4% in the premarket after receiving a $ 70 per share “take private” bid from Chairman Harold Hamm and his family. The company’s board will establish an independent committee to evaluate … Read more
Harold Hamm, CEO of Continental Resources Shale Oil Company, delivers a speech on the third day of the Republican National Convention on July 20, 2016 at the Quicken Loans Arena in Cleveland, Ohio. Alex Wong | Getty Images Shale producer Continental Resources said on Tuesday it has received an all-cash buyout proposal from its founder … Read more
A Halliburton oil well fielder works on a well head at a fracking rig site January 27, 2016 near Stillwater, Oklahoma. J. Pat Carter | Getty Images Russian President Vladimir Putin has long made it clear that he is now a fan of US shale drilling. But, if he invades Ukraine, he may unwillingly help … Read more