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home / news releases / CLR - Continental Resources: Further Dividend Increases Appear Likely

CLR - Continental Resources: Further Dividend Increases Appear Likely

Continental Resources Inc.
  • Continental appears capable of generating over $2 billion in positive cash flow at current strip prices in 2021.
  • This would reduce its leverage below 1.0x by the end of the year.
  • With its debt situation looking good, Continental should be able to increase its dividend further.
  • A $1 per share annual dividend would leave plenty of funds for further debt reduction, share repurchases and acquisitions.
  • Value is estimated at $40 per share with $60 WTI long-term oil.

For further details see:

Continental Resources: Further Dividend Increases Appear Likely
Stock Information
Company Name: Continental Resources Inc.
Stock Symbol: CLR
Market: NYSE
Website: clr.com
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