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home / news releases / CLR - Continental Resources: Updated Guidance Results In $2.4 Billion In Projected FCF At Strip Prices

CLR - Continental Resources: Updated Guidance Results In $2.4 Billion In Projected FCF At Strip Prices

Continental Resources Inc.
  • Continental now projects $2.4 billion in free cash flow in 2021 at current strip prices.
  • It has boosted its quarterly dividend to $0.15 per share, although it should have room to increase this further going forwards.
  • Natural gas production expectations were increased in its guidance, and realized prices are also expected to be strong.
  • Continental has resumed its share repurchase program and expects leverage to be below 1.0x by the end of the year.
  • Value is estimated at $41 per share in a long-term $60 WTI oil and $2.75 Henry Hub natural gas scenario.

For further details see:

Continental Resources: Updated Guidance Results In $2.4 Billion In Projected FCF At Strip Prices
Stock Information
Company Name: Continental Resources Inc.
Stock Symbol: CLR
Market: NYSE
Website: clr.com
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