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 macattk (< 20) Submitted: 11/20/2012 11:05:17 AM : Outperform Start Price: $70.01 CLR Score: +14.44

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

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