COP - Assessing How Continental Resources 'STACKs' Up In Era Of Energy Abundance

Continental Resources (CLR) was one of the earliest companies to exploit the Bakken shale play and has since moved strongly into the STACK/SCOOP shale plays in Oklahoma. The stock is down about 17% since the beginning of the year, but an announcement yesterday may draw investors back to the shares:

• Initiated a quarterly dividend of $0.05/share ($0.20/share annually).
• An initial $1 billion share-repurchase program.
• Says it expects to generate ~$1 billion of free cash flow per year over the next five years at $60 WTI/bbl.

Source: Yahoo Finance

It would appear that Continental