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CLR - Continental Resources: Assessing Its Value After Harold Hamm's $70 Per Share Offer
June, 15 2022 05:52 AM
Continental Resources Inc.
Continental received a non-binding offer from Harold Hamm to take the company private at $70 per share. The Hamm Family currently owns approximately 83% of Continental's stock. Continental may be able to generate over $5 billion in positive cash flow before dividends in 2022 at current strip. I generally estimate Continental's value as being in the $80s per share in a longer-term $70 to $75 WTI oil scenario. For further details see:
Continental Resources: Assessing Its Value After Harold Hamm's $70 Per Share Offer
Stock Information
Company Name:
Continental Resources Inc.
Stock Symbol:
CLR
Market:
NYSE
Website:
clr.com
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