Top Quality Companies To Invest In 2015

Top Quality Companies To Invest In 2015: Continental Resources Inc. (CLR)

Continental Resources, Inc. engages in the exploration, development, and production of crude oil and natural gas primarily in the north, south, and east regions of the United States. The company primarily sells its oil and natural gas production to end users, as well as to midstream marketing companies or oil refining companies at the lease. As of December 31, 2011, its estimated proved reserves were 508.4 million barrels of crude oil equivalent, with estimated proved developed reserves of 205.2 million barrels of crude oil equivalent. The company had interests in 3,255 wells and served as the operator of 2,082 of these wells. Continental Resources, Inc. was founded in 1967 and is headquartered in Enid, Oklahoma.

Advisors' Opinion:

• [By Paul Ausick]

  Independent producer Continental Resources Inc. (NYSE: CLR) is also down about 2% at $107.67 in a 52-week range of $72.35 to $121.78. The stocks annual high was posted in mid-October. Continental just reported a 38% increase in its proved reserves to 1.08 billion barrels, primarily in the Bakken play in North Dakota. The stocks price target is $131.45 and at the current price that implies a potential gain of 22%. The forward P/E ratio is 15.24 based on 2014 earnings.

• [By Matt DiLallo]

  With a "SCOOP" of upside potential
  The most interesting asset, and the one with the highest upside is Eagle Rock's position in the "SCOOP", or South Central Oklahoma Oil Province. Top Bakken producer Continental Resources (NYSE: CLR  ) calls it a "new, high-impact resource play" and Eagle Rock has 16,000 net acres right in the heart of this play. The potential is there for this to be a play with high returns and, therefore, high upside for Eagle Rock. In fact, it has seen a 31% jump in production growth as its interest in nine horizontal wells have come on line.

• [By Matt DiLallo]

  We know that e! xploration and production companies are getting much more efficient in drilling wells. Drillers like Continental Resources (NYSE: CLR  ) are drilling more wells per pad, which is lowering completed well cost and is saving both time and money. For example, the company saved $7.5 million and 73 days by drilling a six-well pad compared to drilling six single wells. The company is one of many in the industry to move to multi-well pads; Continental is looking to drill four to eight wells per zone in the future because of this savings. The trend is to use fewer rigs to drill more wells, so oil-field service companies need to manage operations more closely in order to keep margins intact, which is exactly what Schlumberger is doing.

source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/top-quality-companies-to-invest-in-2015.html