- 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