Each one in plain English, with the numbers worked through for a shareholder.
4 Aug 2020quarterly activities report▼ Bad
Continental reported a second quarter 2020 net loss of $239.3 million, with production averaging 202,815 Boepd after about 55% of operated oil volumes (7.8 MMBo) were shut in. It updated 2020 guidance and targeted total debt of $5.4 to $5.5 billion by year end.
HAROLD G. HAMM, HAROLD HAMM FAMILY LLC reported a CONTINENTAL RESOURCES, INC shareholding of 295,474,659 shares (80.90% of votes) in a periodic institutional filing.
HAROLD G. HAMM, HAROLD HAMM FAMILY LLC reported a CONTINENTAL RESOURCES, INC shareholding of 289,659,385 shares (79.30% of votes) in a periodic institutional filing.
At its May 14, 2020 annual meeting, shareholders elected three Class II directors, approved an amendment to declassify the board so all directors are elected annually from 2021, ratified Grant Thornton as auditor, and approved executive pay in a non-binding vote.
Continental reported a first quarter 2020 net loss of $185.7 million, or $0.51 per share, with production up 9% year on year to 360,841 Boepd. It withdrew 2020 guidance and curtailed 70% of operated oil production in May.
Continental Resources said its May 14, 2020 annual meeting would be held virtually in audio-only format because of COVID-19, with no in-person attendance. Shareholders were told how to register, vote and ask questions online.
Continental Resources filed its proxy statement for the May 14, 2020 annual meeting. Shareholders were asked to elect three Class II directors, declassify the board, ratify Grant Thornton as auditor, and approve executive pay in a non-binding vote.
Continental Resources issued a notice for its annual shareholder meeting on May 14, 2020 in Oklahoma City. Items were electing three directors, declassifying the board, ratifying Grant Thornton as auditor, and a non-binding vote on executive pay.
CONTINENTAL RESOURCES, INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
Continental reported full-year 2019 net income of $775.6 million and fourth quarter net income of $193.9 million, with 2019 oil production up 18%. It set a 2020 capital budget of $2.65 billion, flat on 2019, targeting 4% to 6% production growth.