Continental Resources, Inc.

• Einhorn Favors These Two Opportunistic Stock Ideas

  By Anh HOANG - May 16, 2013 | Tickers: CLR, HES, OIS

  In the first quarter 2013, David Einhorn, the famous hedge fund manager, has initiated long positions in six new stocks, bringing the total asset under management to more than $6.5 billion. His six new stocks are Oil States International (NYSE: OIS), Hess Corp (NYSE: HES), Spirit AeroSystems Holdings, IAC/InterActiveCorp, Capital Bank Financial and National Bank Holdings. In a three-article series, I will take a closer look into each more »

• Fracking Just Keeps on Growing: The Three Forks Edition

  By Joshua Bondy - May 6, 2013 | Tickers: CLR, EOG, XOM, KOG

  The United States Geological Survey recently reviewed earlier studies of the Bakken and Three Forks formations. Three Forks is below the Bakken formation and continued improvements in fracking are opening up these harder to reach areas. The latest government findings have a mean estimated resource of 7.4 billion barrels (BBO) of undiscovered and technically recoverable oil; a serious boost from the earlier 2008 estimate of 3.65 BBO. With more »

• Billionaire Ken Griffin’s Citadel Owns Almost 5% of This Energy Company

  By Meena Krishnamsetty - May 2, 2013 | Tickers: CRZO, CLR, KOG, NOG, OAS

  Citadel Investment Group, managed by billionaire Ken Griffin and his team, has filed a 13G with the SEC disclosing a position of 1.9 million shares in Carrizo Oil & Gas (NASDAQ: CRZO). Carrizo Oil & Gas is a $1 billion market cap exploration and production company focused on shale plays including the Eagle Ford, Niobrara, and Utica. We track quarterly 13F filings from Citadel and other hedge funds, which we primarily more »

• This Integrated Energy Company Is Still Cheap

  By Anh HOANG - April 11, 2013 | Tickers: CLR, HES, OAS

  Recently, Hess (NYSE: HES) agreed to sell its Russian subsidiary Samara-Nafta to Lukoil for more than $2 billion. This deal is a part of ongoing business restructuring to focus on Hess’s core business of crude exploration and production. From the beginning of the year, Hess has risen significantly by nearly 33.5% to nearly $72 per share. I personally think that with the great assets that Hess owns right more »

• This Integrated Energy Company is Still Cheap

  By Anh HOANG - April 8, 2013 | Tickers: CLR, HES, OAS

  Recently, Hess Corp (NYSE: HES) has agreed to sell its Russian subsidiary Samara-Nafta to Lukoil for more than $2 billion. This deal is a part of the ongoing business restructures to focus on Hess’s core business of crude exploration and production. From the beginning of the year, Hess has risen significantly by nearly 33.5% to nearly $72 per share. I personally think that with the great assets that more »

• Insiders Are Bullish About This Energy Company

  By Meena Krishnamsetty - March 29, 2013 | Tickers: CLR, EOG, KOG, NOG, WLL

  Continental Resources (NYSE: CLR), one of the leading shale oil producers with a strong position in North Dakota’s Bakken Shale, has been in the news recently as company founder and CEO, Harold Hamm’s wife has filed for divorce. The stock price fell on reports that she could receive, and then presumably sell, a large amount of stock, possibly even threatening Hamm’s majority ownership of the $16 billion more »

• Looking for Growth? Don't Ignore North Dakota Oil

  By Joshua Bondy - March 20, 2013 | Tickers: CLR, HAL, WLL

  America is dealing with high unemployment and a nasty economy, but North Dakota is walking down a different path. The development and growth of the Bakken formation has given a major boost to the state's crude oil production and super-charged its economy. There are a different ways to invest in this growth story, and a number of small oil firms offer good exposure to the formation. 

  North Dakota Crude more »

• 2 Bakken Beauties and One with Warts

  By Robert Zimmerman - March 20, 2013 | Tickers: CLR, EPD, KOG

  The US continues to strive towards energy independence, and the Bakken shale figures prominently in that goal. Investing in the Bakken shale by no means guarantees returns. Drilling in this shale is expensive and not all exploration companies turn a profit. Below are examples of success and struggle in Bakken shale energy production and an alternative, safer investment in the Bakken play.
  
  Revenues, earnings and capital gains, I like it more »

• Buy This Oil & Gas Stock Now And Ride It Higher By 2014

  By Jordo Bivona - March 8, 2013 | Tickers: CLR, KOG, PSX

  Kodiak Oil & Gas (NYSE: KOG) has shown excellent growth in production and revenue, though growth in earnings has not been commensurate. I will examine Kodiak as an investment in the context of the company's recently announced preliminary operational data. 

  Preliminary operational data for fiscal 2012

  Kodiak operates primarily in the Williston Basin of North Dakota. The company has announced preliminary unaudited operational data for the fiscal year ended Dec more »

• Be Cautious on the Fracking Boom

  By Bob Chandler - March 8, 2013 | Tickers: CLR, EOG, RRC

  The oil & gas industry has a tendency to go into mini-booms. Often things look very promising and money enthusiastically flows into the space. Unfortunately, in many cases, things don't quite meet expectations and investors suffer. The latest mini-boom in the industry seems to center around "fracking." This extraction technique has certainly increased the accessible amount of U.S. oil and gas, but one might be wary in assuming that more »

• Is This Oil & Gas Stock Heating Up?

  By Austin Higgins - March 5, 2013 | Tickers: CLR, KOG, WLL

  Kodiak Oil and Gas (NYSE: KOG) announced its quarterly earnings on Feb. 28. The dust has settled on its lower-than-expected earnings report, and now it is time to look at this company from a future perspective. What can we expect from Kodiak in the future?

  2012 earnings review

  • Kodiak posted $130.8 million in Q4 revenue, which is a 16% increase from Q3. Annual revenue was $408.7 million, which more »

• Three Ways to Profit From US Oil Production

  By Robert Zimmerman - February 21, 2013 | Tickers: CLR, DNR, LINE

  In two separate but related reports, Bloomberg News documented the continuing rise of North American oil production to the detriment of OPEC.  One report detailed how OPEC as an organization may not survive the next decade unless it finds new markets for its oil.  The report also revealed the significant price advantage American refiners have using West Texas Intermediate crude instead of Brent Sea crude.  In a video aired on more »

• Billionaire Leon Cooperman Has Found A Dividend Monster

  By Marshall Hargrave - February 19, 2013 | Tickers: ATLS, APL, ARP, CLR, RRC

  Billionaire Leon Cooperman of Omega Advisors has upped his stake over 88% in a monster dividend paying oil and gas company. Per a recent SEC filing, Cooperman now owns 2.87 million shares, or 7.2% of the outstanding shares, of Atlas Resource Partners (NYSE: ARP), which pays a dividend that yields 8.5%. At the end of the third quarter, Cooperman owned only 1.52 million shares. 

  Keeping it more »

• When Is a Barrel Not a Barrel?

  By Peter Horn - February 14, 2013 | Tickers: APC, APA, CLR, DVN, EOG |

  A look at reserve valuations in the larger cap independent oil & gas universe paints a widely varied picture. Barrels can be had for prices ranging from less than $9 to almost $30. The wide spread has a rational reason. No two companies’ reserves are easily comparable and simple value metrics ignore that fact. When a valuation looks out of whack with reality, it’s a good idea to try to more »

• Unlock Hess' Hidden Asset Value

  By Anh HOANG - February 11, 2013 | Tickers: CLR, HES, OAS

  Recently, Elliott Management, under billionaire Paul Singer’s leadership, has been more active in Hess Corp (NYSE: HES). Elliott said that it would nominate five executives to the board to push for restructuring. Elliott, which manages $21.5 billion in assets, has taken a 4% stake in Hess. The investment in Hess could be considered the largest initial investment in Elliott’s history. Elliott mentioned that if Hess did what more »

• A Prime Example Of Success In Strategy Implementation

  By Jordo Bivona - February 5, 2013 | Tickers: CHK, CLR, EOG |

  Despite the long trough in natural gas prices, the stock of EOG Resources (NYSE: EOG) is near record highs. Below, I will explain how EOG's continued success in strategy implementation has led it to this point, and how this will enable the company to keep up its high rate of growth.

  What Happened?

  This strong performance has been driven by the successful implementation of the strategy to generate organic more »

• This Oil Indy Is Flying High in the Eagle Ford.

  By Peter Horn - January 28, 2013 | Tickers: CHK, CLR, DVN, EOG

  Crashing natural gas prices are driving shale drillers into oil shale plays as everyone scrambles to boost their liquid production. First movers have a decided advantage however, as much of the key acreage is already tied up. Companies like EOG Resources (NYSE: EOG) and Continental Resources (NYSE: CLR) have a strong lead in key plays. Can the competition catch up?

  Unconventional horizontal drilling and fracking spurred the resurgence of the more »

• Is This Red-Hot Oil Producer Too Expensive?

  By Peter Horn - January 25, 2013 | Tickers: CHK, CLR, DVN, EOG |

  EOG Resources (NYSE: EOG) cultivates its image as an oil company first and foremost. That’s no wonder, given its success in two of the hottest oil shale plays in North America. Management wants investors to focus on the rich promise of those Eagle Ford and Bakken acres. Shares have run far though, and EOG’s valuation is high. Investors have a hard decision to make. Is EOG overvalued, or more »

• 2013 Budget, Stellar Efficiency - One Oil & Gas Pick to Watch Closely

  By Jordo Bivona - January 9, 2013 | Tickers: CLR, EOG, KOG, PSX, QEP

  Kodiak Oil & Gas (NYSE: KOG) announced a $775 million 2013 capital expenditure budget allocated to the Williston Basin oil and gas properties.

  Budget Breakdown

  The 2013 budget compares to Kodiak's final 2012 budget of $750 million. $600 million of the budget has been allocated to the drilling and completion of 75 gross (61 net) operated wells, $140 million to non-operated drilling and completion activities for 14 net wells, and more »

• 3 Companies With Significant Potential for the A.M. (After Mayans) Hours

  By Nathan Kirykos - December 24, 2012 | Tickers: CLR, MHR, PVA, SM

  The end of the world 

  Turns out the world didn't end on Dec 21. Phew. Here, then, is my "Apocalypse Kit." 

  The first element of my kit is SM Energy (NYSE: SM), which holds 149,000 net acres at the Maverick, Dimmit and Webb counties of Texas, which border Mexico. This land is rich in natural gas as it sits on the wet gas window of the Eagle Ford more »

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