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CLR - Continental Resources: Expecting Close To $1 Billion Positive Cash Flow In 2019
Continental Resources Inc.
Continental Resources (CLR) delivered a good Q1 2019 report and noted that its positive cash flow could end up near $1 billion now due to improved oil prices. Continental benefits from low operating and G&A costs and should be able to reduce its interest costs over time with the large amount of positive cash flow that it is generating. It also demonstrates strong results with its step-out wells in the Bakken, indicating that it can likely generate good returns throughout its Bakken inventory.
The Outlook For 2019
Continental hasn't changed its production guidance or capital