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Stifel Nicolaus is out with its report today on Continental Resources
CLR, upgrading CLR to Buy.
In a note to clients, Stifel Nicolaus writes, "With one of the largest acreage positions in the Bakken and a strong position in the Anadarko Woodford, CLR provides 23% CAGR visible production growth for the coming few years. The only drawbacks on the name are its relative valuation (always trades at a premium) and 2Q weather related production issues in the Bakken."
At the time of posting, shares of CLR were trading at $67.82, down 0.62% from Thursday's close.
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Posted In: Analyst ColorAnalyst RatingsContinental ResourcesEnergyOil & Gas Exploration & ProductionStifel Nicolaus
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