When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
CLR - Continental Resources: Breakeven Point May Be $40 WTI Oil In 2021
Continental Resources Inc.
Continental Resources (CLR) appears to be in decent shape, as it is set to potentially generate a couple hundred million in positive cash flow in 2020 at current strip prices (albeit with significant production declines). It appears able to maintain production and achieve breakeven cashflow at approximately $40 WTI oil in 2021, and also appears able to refinance its upcoming debt maturities with new unsecured debt with moderately higher interest rates.
I estimate that Continental should be worth around $17 to $18 based on a longer-term $45 WTI oil price, with around $4