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home / news releases / CLR - Continental Resources: Significant Debt Reduction Expected At High-$40s Oil


CLR - Continental Resources: Significant Debt Reduction Expected At High-$40s Oil

  • Continental may be able to generate over $750 million in positive cash flow at current strip prices.
  • It has also repurchased the majority of its 2022 and 2023 notes, while issuing 2031 notes at a slightly higher interest rate.
  • Continental should be able to reduce its net debt further to under $4.0 billion by 2023 while maintaining or slightly increasing production at high-$40s oil.

For further details see:

Continental Resources: Significant Debt Reduction Expected At High-$40s Oil
Stock Information

Company Name: Continental Resources Inc.
Stock Symbol: CLR
Market: NYSE
Website: clr.com

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