Company initiates a quarterly dividend, launches $1 billion share buyback, bumps free cash flow projection to $5 billion Continental Resources, Inc. (NYSE: CLR) has entered full shareholder payback mode. The company said today that its board approved the initiation of a quarterly dividend of $0.05 per share on its common stock, with the first divident payable on November 21, 2019
Continental Resources, Inc. (ticker: CLR) announced today the pricing of its private placement of $1 billion of new 4 3/8% senior unsecured notes due 2028. The notes were sold at par. The offering is expected to close on December 8, 2017. The company intendeds to use the net proceeds from this offering to repay in full and terminate its $500
CLR, HES, NBL, and WMB Slash Nearly $6.6 Billion in 2016 Plans Lower year-over-year spending in 2016 was a foregone conclusion for many in the exploration and production space, but the amount of expenditure cuts is noteworthy, no matter how you slice it. Plans for 2016 are trickling out ahead of Q4’15 earnings season, and some of the biggest names
Maintains Guidance Despite 12% Budget Cut Citing low commodity prices, Continental Resources (ticker: CLR) cut its 2015 non-acquisition budget to $2.35 to $2.40 billion, down from its previous guidance of $2.70 billion. In a company release, management said the adjustment is designed to “better align spending with cash flow at current commodity prices.” Well completion activity will be deferred barring
North America’s Largest Energy-Focused Investor Conference Comes to Denver Aug. 16-20 Conference presenters are operating in more than 40 countries on six continents Enterprise values of presenting companies range from $160 billion to $9 million CNBC and Fox Business to broadcast live coverage from the conference The world’s oil and gas industry will showcase itself to investors in Denver in
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