Continental Resources (CLR +4.8%) successfully completes the Charlotte 3-22H, its first horizontal well to test the third bench of the Three Forks zone in the Bakken field. Stifel Nicolaus upgrades CLR to Buy from Hold, seeing an attractive entry point, top-tier underlying asset quality in the Bakken, and asset upside via upcoming bench tests in Three Forks providing near-term catalysts.
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