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home / news releases / CLR - Continental Resources: Able To Handle Sub-$40 Oil Due To Reduced Maintenance Capex Requirements

CLR - Continental Resources: Able To Handle Sub-$40 Oil Due To Reduced Maintenance Capex Requirements

Continental Resources Inc.
  • Continental expects around $500 million in positive cash flow in 2H 2020.
  • It appears capable of maintaining production without cash burn at $37 WTI oil going forward.
  • Value is estimated at $13 to $14 with long-term $40 WTI oil.
  • A $5 increase in long-term oil prices improves its value by $4 per share.

For further details see:

Continental Resources: Able To Handle Sub-$40 Oil Due To Reduced Maintenance Capex Requirements
Stock Information
Company Name: Continental Resources Inc.
Stock Symbol: CLR
Market: NYSE
Website: clr.com
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