CLR - Continental Resources Stays On Track With Production Growth
Continental Resources (CLR) reported Q3 2018 results that indicate that it is staying on track to deliver strong production growth through year end, along with an increase in its oil production percentage. It received a high realised price for its production in Q3 2018, due to improved oil prices and differentials, along with its lack of oil hedges. This allowed it to generate positive cash flow along with the production growth.
Continental's Q4 2018 looks also to be shaping up well, with its increased oil percentage compensating for softer oil prices and wider