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CLR - Continental's Oil Production Growth Forecast For 2019 Is Misleading
Continental Resources Inc.
The headline production increase for Continental's (CLR) oil production in 2019 is for growth of 13-19% compared with 2018. But when we look at crude oil production in Q4, 2018 of 187,000 b/d, and compare it with forecast production for 2019 of 190,000-200,000 b/d, it seems that there is a definite slowing trend taking place in terms of quarter on quarter growth. Assuming the upper end of the estimate will be met, Continental will produce about 210,000 b/d in the fourth quarter of this year. That is a 12% increase compared with the