Continental Resources, Inc. (NYSE:CLR)
CAPS Rating:
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.
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
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.