Continental Resources: Still Making Waves

Summary

  • The deferred production is now clearly back online.
  • In more normal times, balance sheet ratios are conservative.
  • Low costs and above average profitability have long been hallmarks here.
  • Long-term debt should be less than double the cash flow that will be reported in 2021.
  • Hedging was not a lot of help to the company this year.
  • This idea was discussed in more depth with members of my private investing community, Oil & Gas Value Research. Learn More »

Oil drums stacked on top of each other
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Continental Resources (CLR) is a giant in the unconventional industry that still acts like an upstart. Management deferred a significant amount of second quarter production until prices improved considerably. That is the kind

I analyze oil and gas companies like Continental Resources and related companies in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign up here for a free two-week trial.

This article was written by

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Long Player believes oil and gas is a boom-bust, cyclical industry. It takes patience, and it certainly helps to have experience. He has been focusing on this industry for years. He is a retired CPA, and holds an MBA and MA.

He leads the investing group Oil & Gas Value Research. He looks for under-followed oil companies and out-of-favor midstream companies that offer compelling opportunities. The group includes an active chat room in which Oil & Gas investors discuss recent information and share ideas. Learn more.

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