Asks about Hamm's meeting with the president and opportunities in Venezuela
speaker1
Harold Hamm
Venezuela has significant resources and is safer due to president's actions against narco terrorists
Asks if Continental is interested in bringing operations to Venezuela
speaker1
Harold Hamm
Continental evaluates market entries based on rock quality, credibility, geopolitics, and country stability
Asks what oil price is needed for Venezuela investment versus US drilling
speaker1
Harold Hamm
Low prices cure themselves by bringing prices back to sustainable levels
Asks for price outlook given glut, Venezuela reserves, and Middle East geopolitical concerns
speaker1
Harold Hamm
Nationalization risks are real based on Exxon's experience in Venezuela
Asks if Venezuela development and OPEC supply focus will hurt US shale industry long-term
speaker1
Harold Hamm
Venezuela development will be slow due to technical challenges with heavy crude