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CLR - Continental Resources - What To Make Of Its Huge Yield
Continental Resources Inc.
Continental Resources has gone from being a tool to trade the price of oil to a potential source of sky-high dividends and buybacks.
Thanks to high oil prices and a very low breakeven price, the company is achieving a strong, double-digit free cash flow yield.
I expect oil prices to remain high due to a severe supply/demand imbalance, yet I recommend that investors remain conservative and limit energy exposure due to risks.