Harold Hamm has launched a bid to take Continental Resources private
Hamm aims to take Continental back to the future
Founder and chairman sees value in privacy
Billionaire Harold Hamm launched a bid in June to acquire the shares in US independent Continental Resources that he does not own already. If the bid is successful, it would turn the company back into a private one, giving it—in Hamm’s view—greater operating freedom. The Hamm family currently owns c. 83pc of Continental’s common stock. Under the proposal, a new entity acting on behalf of the family would acquire the remainder of the stock for $70 per share. The bid values Continental at $25.4bn and represents a 9pc premium to the closing price of the stock on 13 June. In a letter to the company, Hamm also notes it represents an 11pc premium to the stock’s average price in the 30 days up to t
Also in this section
29 April 2026
The UAE’s exit from the alliance marks a decisive step towards a world in which oil markets are shaped less by collective management and more by national strategy
29 April 2026
Trafigura’s $1b prepayment agreement confirms African resource holders’ renewed interest in oil-backed financing deals as they look to capitalise on high oil prices
29 April 2026
The UAE’s departure from the oil producers’ group was a surprise to many, but the move can be traced back to a single point five years ago
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
