CLR News and Press, Continental Resources Inc. From 10/26/21

$1.36 distributable cash flow/unit, $5.44/unit annualized. $2.50/unit distribution growing 5% to $2.62/unit, 8.7% yield well over 2x covered. Acquiring Oasis Midstream at no premium. Deal should be immediately accretive and deleveraging upon closing next year. Low leverage...

Rising inflation, fueled by supply chain disruptions and rising oil prices, could foster significant market volatility in the near term. However, analysts expect rising oil and natural gas prices to continue benefiting the energy sector. Therefore, we think dividend-paying energy stocks Marat...

Continental Resources is benefiting from its lack of oil hedges. At current strip, it may be able to generate $6 billion in positive cash flow between 2021 and 2022. Longer-term oil and gas prices are lower (with 2023 strip at $69 oil and $3.60 natural gas). At longer-term $65...

EOG Resources (EOG -0.1%) edges lower as Bank of America downgrades shares to Neutral from Buy with a $104 price target, saying "a strategic pause is warranted" after an 80% YTD run-up. BofA's Doug Leggate says he will step to the sidelines while waiting for global oil markets to rebalance: "...

After underperforming for a very long time, natural gas prices have outpaced crude oil and liquids so far this year. Logically, gas-focused upstream producers should benefit but unfortunately most companies are hedged. I apply a top-down data-based approach focused on the gas expo...

When stock traders talk about bonds it’s often a sign of trouble in the markets. And last week’s bond selloff and recovery is a perfect example. Ryder System is one of those companies that often flies under the radar in the stock market. The S&P 500 also closed t...

Continental Resources To Announce Third Quarter 2021 Results On Monday, November 1, 2021 Earnings Conference Call Scheduled for Tuesday, November 2, 2021 at 12:00 p.m. ET PR Newswire OKLAHOMA CITY , Oct. 1, 2021 /PRNewswire/ -- Continental Resources, Inc...

BofA is reiterating its view that U.S. oil/gas companies are still in the early part of an "extended" cyclical rebound with echoes of the mid-2000s. "Last year may seem like an eternity ago," the bank says, but it's the first of a "multiyear reset." And while valuations have recovered from lo...

The race toward the Fed’s taper start deadline took an interesting turn last week. Unless the market’s playbook has been permanently rewritten and higher interest rates are no longer the bane for higher stock prices, the bull market may now be living on borrowed time. ...

Designer Brands sees the strongest insider buying it has seen in the last decade. The company recently beat analyst estimates both at the top and bottom lines. We're also seeing insider buying in some of the largest companies focused on the midstream part of the energy market. ...