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Continental Resources: What Oil Price Is Discounted In The Current Stock Price?

IMPORTANT NOTE: This article is not an investment recommendation or research report. It is not to be relied upon when making investment decisions - investors should conduct their own comprehensive research. Please read the Disclaimer at the end of this article.

Continental Resources (CLR) today provided a summary of its proved reserves as of December 31, 2014. Q4 2014 production and year-end proved developed producing reserves are perhaps the two most important metrics contained in the press release.

Production Grows 28% Year-Over-Year, Essentially "On Guidance"

Total production for full year 2014 came in just under the midpoint of the guidance: 63.6 MMboe, or an increase of 28% compared to 2013. The company's production growth guidance was of 27%-30%.

Crude oil accounted for 70% of total production, or 44.5 million barrels, in 2014.

Continental reached a new net production milestone of 200,000 boe/d in late December 2014.

The company's current production… Read More …