Continental Resources, Inc. (NYSE:CLR)

CAPS Rating: 4 out of 5

An independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States.

Recs

3
Player Avatar YeahBuddy79 (98.06) Submitted: 4/24/2008 4:28:50 PM : Outperform Start Price: $20.92 CLR Score: +115.16

Continental Resources is a crude-oil concentrated, independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States. The Company focuses its operations in large new and developing plays where horizontal drilling, advanced fracture stimulation and enhanced recovery technologies provide the means to economically develop and produce oil and natural gas reserves from unconventional formations. Continental reported total revenue of $582.2 million for the year ended December 31, 2007 and year-end total reserves of 134.6 million barrels of crude oil equivalent, which consisted of 77 percent oil and 23 percent natural gas.
first quarter 2008 earnings press release on Monday, May 5,
2008 before the opening of trading on the New York Stock Exchange
Alright so now I'll give my take on this stock. I expect the report to go over very well for Continental Resources as well as the stock holders. Further more there all over the Bakken oil shale this is huge and of curse by that I mean BUY BUY BUY with in the next 5 years (its not going to be fast) this stock should be over a 300% gain from where it is now. You can and should search for more reports about the Bakken oil felid but here is a quick break down. It is estimated to have over 400 Billion barrels of oil you should be a little skeptical at this point but the felid is over 3 states and into Canada (note: huge means huge) the mining would most likely be in the North Dakota area Northeast in the top corner. That is enough for me if you need more look it up.

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