Shale Billionaire Hamm Says Little Value in His Public Listing
- Continental has lost over half its value since October
- Wildcatter’s net worth has dropped about $3 billion since May
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It’s such a bad time to be a publicly traded oil company that Harold Hamm, the billionaire founder and chief executive officer of Continental Resources Inc., was asked whether it’s still worth it.
“In today’s market, we don’t see a lot of value in it,” Hamm said Tuesday on the company’s earnings conference call, in response. “But we can’t control the market. We can control what we’re dealing with here on a daily basis, and that’s what we’re doing.”