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

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Player Avatar Keekers44 (83.96) Submitted: 9/2/2011 9:06:16 PM : Outperform Start Price: $50.66 CLR Score: +34.44

This company is heavily drilling in the Williston Basin and the Bakken. CLR estimates its own 2011 production growth in the range of 30% to 40%. CLR CEO Mr. Hamm noted on his interview with Jim Cramer on Mad Money North Dakota special that they have "hedged Continental for $90 oil," so even if the price of Oil goes down, CLR should be protected. All in all, a good top North Dakota play.

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