Continental Resources (CLR)
Posted: Wed May 11, 2016 1:06 pm
We will be sending out an updated profile on CLR later today.
I am raising my valuation $4.95/share to $44.35.
Soon after quarterly results come out I update my forecast/valuation models and post my first impressions here. When we update the profiles I take another very hard look at the forecast model for each company and make some adjustments. Based on the well results CLR is getting in SCOOP and STACK, I decided the company deserves a higher multiple of cash flow from operations than what I was using. Plus, CLR moved above my previous valuation this morning.
Nicol is very close to finishing the video of Navport's STACK presentation that was made at our April 25 luncheon. I will send it out in a flash alert as soon as it is ready.
I am raising my valuation $4.95/share to $44.35.
Soon after quarterly results come out I update my forecast/valuation models and post my first impressions here. When we update the profiles I take another very hard look at the forecast model for each company and make some adjustments. Based on the well results CLR is getting in SCOOP and STACK, I decided the company deserves a higher multiple of cash flow from operations than what I was using. Plus, CLR moved above my previous valuation this morning.
Nicol is very close to finishing the video of Navport's STACK presentation that was made at our April 25 luncheon. I will send it out in a flash alert as soon as it is ready.