Continental Resources: A Good Value Despite The Impact Of Natural Gas Differentials [Seeking Alpha]
Continental Resources, Inc. (CLR)
Last continental resources, inc. earnings: 2/26 04:15 pm
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US:NYSE Investor Relations:
clr.com/investors
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Source: Seeking Alpha
Continental Resources: A Good Value Despite The Impact Of Natural Gas Differentials Summary Continental made some slightly positive guidance revisions for costs and production. However, it also noted that its natural gas differential (influenced by NGLs) was expected to be $0.50 wider than expected. This has a fairly significant effect on Continental's results and, combined with lower oil prices, means that it may only generate modest amounts of positive cash flow at $52 oil. This assumes that Continental still wants to grow production by 12.5% per year though, and it would be able to generate more positive cash flow with slower growth. Continental remains in a good position overall as a low cost producer. Continental Resources ( CLR slightly higher production Continental previously expected to deliver $5 billion Guidance Changes Continental Resources made a number of changes to its 2019 guidance. It narrowed its oil production guidance to a range of 195,000 to 197,500 barrels per day
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