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CLR - Continental Resources: A Good Combination Of Growing Production And Positive Cash Flow
Continental Resources Inc.
Continental Resources (CLR) continues to deliver a strong combination of production growth and positive cash flow. It should deliver over $500 million in positive cash flow in 2019 at $55 WTI oil, while increasing average 2019 oil production by over 4% compared to Q4 2018 levels. It also outlined its five-year vision to grow production by 12.5% per year while delivering nearly $4 billion in positive cash flow by 2023 if WTI oil averages $60. Lower oil prices may result in Continental reducing its production growth, but it still remains well positioned in