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CLR - Consider Buying Continental Resources On Strong Cash Flows
Continental Resources Inc.
After reaffirming its position as a low-cost operator, Continental Resources (CLR) is now on track to generate strong levels of free cash flows as it capitalizes on the oil price recovery and double-digit production growth. I believe the company will be successful in improving its financial health by using the excess cash flows to pay off the debt. Continental Resources stock has underperformed this year, but it can outperform moving forward as the company generates free cash flows and reduces debt.
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Continental Resources delivered decent results for the first