Continental Resources to hold annual shareholders meeting May 19
The upcoming annual shareholders meeting by Continental Resources Inc. will be a virtual...
The upcoming annual shareholders meeting by Continental Resources Inc. will be a virtual gathering on Thursday, May 19.
The company filed a Proxy Statement with the Securities and Exchange Commission showing the planned agenda including the adoption of the 2022 Long-Term Incentive Plan, the ratification of the selection of independent auditors and the approval of the compensation of executive officers.
In addition to the formal items of business at the Annual Meeting, you will have an opportunity to ask questions relating to the matters to be acted upon at the Annual Meeting. Members of the senior management of Continental Resources, Inc. and the Board of Directors will be present.
US Natgas Futures Jump to 2008 Closing High on Soaring LNG Exports
U.S. natural gas futures jumped almost 6% on April 7, closing up ...
U.S. natural gas futures jumped almost 6% on April 7, closing up 33 cents at $6.35 per MMBtu, their highest close since December 2008 on record global demand for American LNG exports.
Traders also noted prices gained on a bigger than expected storage draw, a preliminary decline in output and forecasts for more demand in the U.S. over the next two weeks than previously expected.
“All this talk of sending U.S. LNG to supply Europe and get them off Russian gas is causing U.S. gas to be repriced because of what lies ahead for LNG exports,” said John Kilduff, partner at Again Capital LLC in New York.
Containers full of frozen food and chemicals are piling up at China’s biggest port in Shanghai...
Containers full of frozen food and chemicals are piling up at China’s biggest port in Shanghai as a Covid lockdown in the city and compulsory virus testing means truckers can’t get to the docks to pick up boxes. While the port is operating normally, there are a “critically high” number of refrigerated containers and items classified as dangerous goods piled up at two storage yards, meaning some ships carrying those types of cargo may not be able to unload any more boxes at the port, Ocean Network Express said. Read the story here.
A strategy chief shared why a recession that causes stocks to fall 25% from their highs could be on the way. Merion Capital Group's Richard Farr said a big hit to the market could come within three to four months. He shared four ways to bolster your portfolio ahead of the fallout.
Energy stocks have soared — but there's still more upside ahead
That's according to ...
That's according to Bank of America analysts, who said valuations are still attractive even after the sector has seen a 38% rally year-to-date.
The researchers describe energy as the "pain trade," which refers to a directional bet that most investors have taken that ends up going the other way. In this case, investors betting that the energy rally has run out of steam are wrong, and there are more gains coming.
There are a few reasons why Bank of America is still bullish on energy through the rest of 2022:
The Ukraine war has made policy makers recognize the importance of domestic energy production and energy security.
The allocation of energy in the S&P 500 has doubled since 2020, and could rise further.
Cash yield will rise, and energy companies are expected to generate inflation-proof free cash flow yield of 15% this year.
