Continental Resources (CLR)

dan_s · Post by **dan_s** » Thu Apr 05, 2018 1:31 pm

CLR is expecting to increase production by more than 20% YOY in 2018. None of their oil is hedged.

Since Mid-March, five Wall Street firms have issued new reports on CLR. They all rate it a BUY with price targets of $62 to $75.

My valuation, based on $60/bbl WTI for all future periods, is $78.00/share.

At today's oil price, CLR should generate over $1 Billion of free cash flow from operations this year.