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.


Player Avatar lotsofmojo (80.63) Submitted: 5/8/2009 1:58:26 PM : Outperform Start Price: $18.45 CLR Score: +617.80

$5.18 B market cap, $5.19 B enterprise value. No shareholder dilution. 81.60% held by insiders (effectively all by CEO Harold Hamm).

No hedges, but really well run and reputable company. Instead of selling oil at a loss Q1 2009, the company stored away 216 M barrels of crude oil for future sale. Not many companies can afford to do this.

Decent short term potential. Excellent long term potential. Best company for those wanting to invest in the Bakken shale.

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