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Continental Resources, Inc. Message Board

  • michaelkosanovichkosanovich michaelkosanovichkosanovich Nov 11, 2012 5:35 PM Flag

    OIL GLUT

     

    Gentelman, mgmt has performed adequately, we have great acreage, However i am quite concerned regarding oil production going into 2013 the Russians plan on doubling production US production also has majorincreases ahead, hek Bakken production alone is scheduled to more than double next year.Production costs will only go higher with this administration.. All said even newer vehicles being sold are getting over 30 mpg. I can see WTI between 70 to 80 per barrel next year. Fear of tax selling in Clr is possible as well. At last i wish to thank all of our veterans for your service and courage for America. Words cannot express my gratitude. good luck to all of us.

    Sentiment: Hold

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CLR
38.27-0.51(-1.32%)Dec 26 4:02 PMEST

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