CLR

Continental Resources Inc.

Energy


Presented:05/16/2014
Price:$66.53
Cap:$24.80B
Current Price:$74.27
Cap:$27.59B

Presented

Date05/16/2014
Price$66.53
Market Cap$24.80B
Ent Value$29.78B
P/E Ratio16.7x
Book Value$6.73
Div YieldN/A
Shares O/S372.20M
Ave Daily Vol2,380,000
Short Int3.57%

Current

Price$74.27
Market Cap$27.59B
Continental Resources, Inc. is engaged in the exploration, development, and production of crude oil and natural gas properties in the north, south, and east regions of the United States. The company sells its crude oil production to end users, as well as to midstream marketing companies or crude oil refining companies at the lease. As of December 31, 2013, its estimated proved reserves were 1,084.1 one million barrels of crude oil equivalent (MMBoe), with estimated proved developed reserves of 406.8 MMBoe. Continental Resources, Inc. was founded in 1967 and is headquartered in Oklahoma City, Oklahoma.

Please note, this stock split on 09/11/2014 at a ratio of 2/1. The presented data has been updated to account for the change, however, the text of the note may refer to data based on the original presented price of $133.05.
Publicly traded companies mentioned herein: Continental Resources, Inc. (CLR)

Highlights

The presenter sees two ways for investors to win placing a short bet on shares of the top leaseholder in the Bakken at this time. Shares of Continental Resources (CLR) have risen approximately 20% year-to-date, and are up over 60% since May, 2013; at ~$134 the presenter sees an attractive entry point and favorable risk/ reward set up, as the stock appears to be priced for perfection and faces potential macro and execution risks over the next 12 months.

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Idea Discussion

Commentor 1 - 2 weeks ago

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