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CLR - Continental Resources: Returning Capital To Shareholders Via Dividends And Share Repurchases
Continental Resources Inc.
Continental Resources (CLR) announced a quarterly dividend of $0.05 per share and a $1 billion share repurchase program, as it is capable of generating a significant amount of positive cash flow at mid-$50s and higher WTI oil prices. If oil drops to $50 for a prolonged period of time though, Continental can still generate a bit of positive cash flow while also growing production by double digits, but may not have much to spare for share repurchases if it doesn't trim its capex plans.