Company report
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12 Pages

Continental Resources corporate report

Continental Resources corporate report

Report summary

Prior to the oil price crash, Continental was one of the fastest growing companies in our coverage. But following a series of dramatic spending cuts, 2016 production will fall 3%, and further declines are expected in 2017.  Despite the slow down in the company's growth story, we believe the longer-term outlook is positive. Continental has exposure to some of the top performing unconventional  plays Onshore US with substantial running room: we forecast an 11% CAGR between 2016 and 2020, the second highest growth rate in the US focused peer group.

The main risk to this outlook is that financial constraints limit growth, particularly in the near term. Managing its debt position will be key - by the end of Q3 2016, Continental’s gearing was 62%. Asset sales of over US$600 million will be used to pay down loan notes, making some progress towards the company’s target net debt figure of US$6 billion. But further action will be required to meet this objective.

What's included?

This report includes 2 file(s)

  • Continental Resources corporate report PDF - 363.41 KB 12 Pages, 7 Tables, 10 Figures
  • Continental Corporate Report.xls XLS - 3.48 MB


The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Company report offers thought-provoking insight into corporate financial health, investment strategy and operational outlook supported by our proprietary asset data and energy research experts.

Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.

Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.

  • Executive summary
  • Summary
    • Key success factors
  • Valuation
  • Financial health
    • Financial health overview
      • Net debt outlook / Liquidity position
      • Options to free up capital / risks to this outlook
  • Resources, reserves and production
    • Production overview
    • Resources and reserves overview
  • Portfolio summary
  • Economic assumptions

In this report there are 17 tables or charts, including:

  • Executive summary
    • SWOT Analysis
  • Summary
  • Valuation
    • Benchmark: market premium
    • Relative share price performance since mid-2014
  • Financial health
    • Cash flow breakevens evolution
    • Net debt outlook
  • Resources, reserves and production
    • Continental's reported and forecast production
    • Benchmarking: production CAGR
    • Continental reserves and resources detail
    • Benchmarking: reserves and resources life
  • Portfolio summary
    • Portfolio Summary
  • Economic assumptions
    • Base Price assumptions (nominal terms)
    • Base price assumptions (nominal terms)
    • Base, high and low Brent (nominal terms)
    • High price assumptions
    • Low price assumptions
    • Valuation assumptions
    • Foreign exchange rate assumptions
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