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Stock Market & Financial Investment News

News For CLR From The Last 14 Days
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February 2, 2016
15:16 EDTCLRS&P takes rating actions on U.S. investment-grade E&P companies
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January 28, 2016
08:51 EDTCLRContinental Resources upside not reflected in stock, says Canaccord
Canaccord noted Continental Resources is an industry leader in enhanced completions testing and is also a pioneer in the development of the SCOOP and STACK plays in Oklahoma. The firm said the company is achieving impressive results and has considerable upside, which is not reflected in the stock price. Canaccord reiterated its Buy rating and $42 price target on Continental Resources shares.
January 27, 2016
11:09 EDTCLROptions with increasing put volume
Options with increasing put volume: RDN MTG HES BKD TAP RRC GG MTW AIG CLR PYPL
January 26, 2016
18:53 EDTCLRContinental Resources sees Q1 production 210,000-220,000 Boe per day
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18:44 EDTCLRContinental Resources reduces CapEx budget to $920M from $2.7B in FY15
Continental Resources announced a budget of $920M in non-acquisition capital expenditures for 2016, a 66% reduction from 2015's $2.7B budget. The company expects average production of approximately 200,000 barrels of oil equivalent, or Boe, per day for 2016. The company currently estimates 2015 actual non-acquisition capital expenditures were approximately $2.5B, or approximately $200M under budget for 2015. Continental expects average production for 2015 to be approximately 221,700 Boe per day, above previously revised guidance. The company expects to report year-end 2015 total long term debt that is essentially flat with long-term debt at September 30, 2015, up only $7M quarter over quarter. Continental plans to report FY15 results on February 24, 2016, after the close of market trading.

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