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
Leading position in the Bakken with extensive infrastructure and significant production - exceptional growth rate in terms of production and reserves will result in cash flows driving valuation uplift; well capitalized and low leverage; only downside really in commodity risk with potential for weaker oil prices in 1H 2013