Here is a link to the stock chart of Continental Resources (CLR). The stock was over $110 per share just a few days ago, but it has quickly fallen for a couple of reasons. First, the price of oil dropped $3, and this affects the price of CLR even though it is the largest land holder in the Bakken area. It will probably eventually get back to its high of $121 and beyond, but it probably won't do it unless the price of oil also goes up.
Secondly, extreme cold weather and snow has hit the Midwest and the bad weather will affect a lot of states before things turn better. This means that oil production will be lower for January and most likely bad for Q1 financial results. The time to buy Continental will be whenever it finally finds a bottom. A daily chart below shows how CLR fell on Friday when the bad weather became apparent. Click on the chart to expand it.
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