Continental Resources' Recent Share Price Dip Creates A Buying Opportunity
- Continental Resources’ share price has fallen due to the company’s announcement of an increase in drilling costs.
- Continental’s unrisked resource potential in the Bakken region is approximately 4.1 billion BOE (barrels of oil equivalent) in addition to the company’s proved developed reserves of 240 million BOE.
- The company has announced a new oil discovery, the Springer Shale, in the heart of the SCOOP region.
- The CEO of Continental Resources bought 72,000 of the company’s shares for a total of more than $4.85 million.