Today Profile: Continental Resource (CLR) - Nov 13

[dan_s]

This morning we sent out an updated profile on CLR.

It is one of the "Elite Eight" in our Sweet 16 Growth Portfolio.

> CLR has a super strong balance sheet
> It has 10% to 15% annual production growth locked in for at least five years
> It generates lots of free cash flow from operations that is being used to pay down debt, fund a stock repurchase program and they recently started paying quarterly dividends.
> CLR's core areas are the North Dakota Bakken/Three Forks and the Oklahoma SCOOP/STACK
> Annual revenues will be $4.6 Billion in 2019 and forecast to be $5.6 Billion in 2020.
> Q3 production was 332,315 Boe per day (~60% crude oil)
> None of CLR's oil is hedged