Have you suffered losses investing in Continental Resources Bonds? If so, the attorneys at The White Law Group may be able to help.

According to their website, Continental Resources (NYSE: CLR) is a top 10 independent oil producer in the U.S. Lower 48 and a leader in America’s energy renaissance. Based in Oklahoma City, Continental is the largest leaseholder and one of the largest producers in the nation’s premier oil field, the Bakken of North Dakota and Montana.

Continental Resources Inc. reported a bigger-than-expected fourth-quarter loss on Feb. 24 as depressed crude prices depleted margins.

Continental is exposed more than many of its peers to the price fluctuations as it famously canceled its oil hedges at the end of 2014, betting that prices would rise. However, they only dropped further.

Continental, which was founded by billionaire wildcatter Harold Hamm, posted a net loss of $139.7 million, or 38 cents per share, compared with a net profit of $114 million, or 41 cents per share, in the year-ago period.

Excluding property impairments and other one-time items, Continental lost 23 cents per share. In that regard, analysts expected a loss of 21 cents per share, according to Thomson Reuters.

High-yield bonds—also called non-investment-grade bonds, speculative-grade bonds, or junk bonds—such as  Continental Resources 3.8% 1jun2024 , are bonds that are rated below investment grade, typically ‘BB’ or lower by Standard & Poor’s and ‘Ba’ or lower by Moody’s. They pay high yields to bondholders because the borrowers credit ratings are less than pristine, making it difficult for them to acquire capital at an inexpensive cost. Junk bonds carry an above average risk that the issuer will default on the bond. The increased risk makes them arguably unsuitable for many investors.

If you have lost money investing in the following Continental Resources bonds, then The White Law Group may be able to help:

Continental Resources 3.8% 1jun2024
Continental Resources 4.9% 1jun2044
Continental Resources 4.9% 1jun2044
Continental Resources 4.5% 15apr2023
Continental Resources 5% 15sep2022
Continental Resources 7.125% 1apr2021

Brokerage-firms and investment adviser are required to make investment recommendations that are suitable for their clients in light of their clients particular investment situation – net worth, investment objectives, income, and investment experience. Brokerage firms or advisors who sell junk bonds to unsuitable investors or fail to adequately disclose the risks of the investments can be held accountable for losses suffered through a FINRA arbitration claim.

If you have concerns regarding your investment in  Continental Resources  and would like to speak with a securities attorney about your litigation options, please call The White Law Group at (888) 637-5510 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

To learn more about The White Law Group visit www.whitesecuritieslaw.com.