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CLR - Continental Resources: A History Of Consistent Results
Continental Resources Inc.
Continental Resources (CLR) has been able to consistently deliver according to expectations operationally. While operational risk is low, it is still subject to commodity price risk though. Continental's cost structure is favorable, allowing it to generate at least $2.9 billion in positive cash flow at $55 WTI oil (while growing production by 12.5% per year) between 2019 and 2023. It plans to put these funds towards a combination of dividends, share repurchases and debt reduction.
Consistent Results
Continental has managed to deliver consistent results from its Bakken wells, with its 2019 wells tracking