CLR News and Press, Continental Resources Inc. From 12/13/18

Continental Resources ( CLR ) has been able to generate a large amount of cash in 2018 and was expected to generate more than $1 billion in positive cash flow in 2019 at mid-$60s oil. From running the numbers at lower oil prices, it appears capable of still generating close to $400 mill...

Continental Resources ( CLR ) owns low-cost oil-rich assets in the Bakken field which can generate close to 100% rate of returns at the current oil price environment of $53 a barrel. However, the company carries an above-average debt load. Its weak financial health could get worse if oil pri...

Emerge Energy ( EMES ), along with other publicly traded frac sand names, is already seeing a possible trough in pricing despite slowdowns in industry activity occurring from colder winter weather, lack of takeaway capacity, and exhausted E&P budgets. This comes at a time when volumes are ...

Continental Resources ( CLR ) saw record production again in the third quarter, up 5% quarter over quarter and, consequently, earnings were strong as net income came in at $314 million. The company has switched its drilling operations to achieve 95% crude oil-weighted growth, which should co...

Tallgrass Energy L.P. Class A ( TGE ) is what unitholders of the old Tallgrass Energy Partners, L.P., own today after Tallgrass Energy GP (i.e., the general partner) acquired it in a "share-for-unit" merger transaction that closed back in June. The surviving entity (i.e., TGE) is a dividen...

Halcón Resources Inc (NYSE: HK ) emerged from Chapter 11 in 2016 with shareholders being all-but wiped out. Since then the company completed cash-hungry land acquisitions and set about growing production aggressively with the stated aim of reaching operating cash neutrality by the end of...

I wrote a recent article looking at the shale industry and its prospects beyond the current frantic drilling in the top tier acreage. I pointed out that shale oil production may in fact reach as high as 10 mb/d in a few years, but beyond that things may get tough as shale drillers start to r...

Continental Resources ( CLR ) is gearing up to significantly grow production in the fourth quarter as it ramps up completions activity at Bakken Shale. That’s going to fuel earnings as well as cash flow growth. Meanwhile, the company’s capital expenditure may fall by 24% sequen...

October was an ugly time to own shares in oil and gas E&P firms. As the S&P 500 fell, so too did crude prices, bringing shares of what has been, in recent years, a vulnerable and volatile market down considerably. As an investor who is bullish in this space, this is painful to watch, b...

NEW YORK, Nov. 05, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Plug Power, Inc. (NASDAQ:PLUG), Continental Resources, Inc. (NYSE:CLR), P...