CLR
Posted: Fri Feb 28, 2014 6:08 pm
Continental Resources (CLR): An updated Net Income & Cash Flow Forecast model has been posted under the Sweet 16 Tab.
My Fair Value Estimate increased to $144.80.
Q4 oil production flat to Q3 but natural gas production up and getting higher price for the wet gas ($5.49/mcfe). My SWAG is that they will get $6.25/mcfe for wet gas sales in Q1 and a better crude oil price as well.
CLR guidance is for production to be up 26% to 32% in 2014. Most of the increase will come in 2nd half of year, after spring break-up.
My Fair Value Estimate increased to $144.80.
Q4 oil production flat to Q3 but natural gas production up and getting higher price for the wet gas ($5.49/mcfe). My SWAG is that they will get $6.25/mcfe for wet gas sales in Q1 and a better crude oil price as well.
CLR guidance is for production to be up 26% to 32% in 2014. Most of the increase will come in 2nd half of year, after spring break-up.