CLR - Continental Resources Looks Well-Placed For 2019
2019 is turning out to be a tough year for oil producers but Continental Resources (CLR) seems well prepared to handle the challenging market. The company can generate enough cash flows to fully fund its capital expenditure, even if oil drops to $45 a barrel. At current prices of mid-$50s, the company will likely remain profitable and generate cash flows in excess of capital expenditure.
Image courtesy of Pixabay
A Decent Quarterly Performance
Continental Resources, the largest oil producer in the Bakken shale field located in North Dakota, has recently released its quarterly