Continental Resources (CLR) will deliver double-digit production growth in the current and next year which will fuel earnings growth. The company has transformed into one of the lowest cost operators among Bakken-focused oil producers. But the great thing about Continental Resources is that even though it is targeting ~20% increase in production, it will still be living well within its cash flows.
In fact, the company believes that it can generate up to $900 million of cash flows in excess of capital expenditure. The excess cash will then be used for debt reduction