Continental Resources (CLR)

[dan_s]

I have updated my forecast model for CLR and it will be posted to the website this weekend.

I am breaking out 2016 by quarter for each company and adding 2017.

CLR is reducing capex in 2016 with their primary focus this year on SCOOP/STACK in Oklahoma. My 2016 forecast assumes production will decline ~10% YOY, so my valuation dips to $36.30.

Cash flow from operations should cover this year's capex program.