Oil billionaire Harold Hamm recently sold his remaining stake in Superior Energy Services, a Houston-based oil services company, saying the stock wasn't providing the financial returns he'd hoped for, he told a court during his divorce trial last week. Hamm, who controls Oklahoma City-based driller Continental Resources and has an estimated fortune of more than $19 billion, said he recalled selling the Superior shares for between $23 and $25 per share -- suggesting he missed out on a rally that has boosted the stock to as much as $36 this year."I didn't feel like I was getting any return," he told an Oklahoma County Court on Thursday, saying he recalled selling the shares earlier this year.Hamm mentioned the sale during testimony in his divorce trial, when a lawyer for his wife, Sue Ann, asked what he had done with an estimated 950,225 shares in Superior Energy Services that he had reported owning as of 2012.Hamm said he considered Superior to be "a struggling stock" which hadn't appreciated much between mid-2012 and the time he divested from the company.
Continental Resources, Inc. (Continental Resources) is an independent crude oil and natural gas exploration and production company with operations in the North, South and East regions of the United States. Shares of CLR traded higher by 0.26% or $0.38/share to $147.90. In the past year, the shares have traded as low as $90.11 and as high as $159.24. On average, 793078 shares of CLR exchange hands on a given day and today's volume is recorded at 296196.
Superior Energy Services, Inc. is a provider of oilfield services and equipment. Shares of SPN traded higher by 0.85% or $0.29/share to $34.29. In the past year, the shares have traded as low as $22.85 and as high as $37.05. On average, 1581320 shares of SPN exchange hands on a given day and today's volume is recorded at 277496.
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