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Enter Symbol:
 
CONTINENTAL RESOURCES INC (CLR) [hlAlert]

Rating:
Buy CLR
up 165.41 %

CONTINENTAL RESOURCES INC (CLR) rated Buy with price target $35 by SMH Capital

Posted on: Monday,  Nov 17, 2008  9:25 AM ET by SMH Capital

SMH Capital rated Buy CONTINENTAL RESOURCES INC (NYSE: CLR) on 11/17/2008, when the stock price was $11.16. Since
then, CONTINENTAL RESOURCES INC has gained 165.41% as of 01/15/2016's recent price of $29.62.
If you would have followed this SMH Capital's recommendation on CLR, you would have gained 165.41% of your investment in 2615 days.

Continental Resources, Inc. is an independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States. The Company focuses on exploration activities in new or developing plays that provide it the opportunity to acquire undeveloped acreage positions for future drilling operations. During the year ended December 31, 2008, 70% of its reserves were located in the Rocky Mountain region. During 2008, the Company acquired 20 square miles of 3-D seismic on Chicago/Norad project. Its wholly owned subsidiary is Banner Pipeline Company, L.L.C.

Sanders Morris Harris has built a unique, niche-oriented research effort that's attuned to the Southwest, yet takes a broad, global perspective. Our analysts cover some 100 companies in six broad sectors, including business services; energy; entertainment & media; financial services; and technology. Whatever the geographical focus, our research approach is fundamental and no-nonsense. We look at industries in a bottom-up way, and get to know company managements in depth, to understand their growth philosophy and their views of how their company fits within their group. And we provide straightforward, timely advice to both institutional and private clients based on that research. Unlike many Wall Street firms, which have developed arcane "recommendation matrixes," we have three simple categories of investment advice: buy, sell and hold. And we transmit our recommendations in timely, useful form. Our on-line Research Library gives clients access to the full range of company reports and bulletins generated by our analytical staff. Above all, of course, the success of SMH's research effort rests on its gifted team of analysts - a purposeful blend of experienced research pros and young, creative individuals, all of whom have honed their financial skills within the target industry or with major accounting firms. The combination works. Three of our analysts have appeared on the Wall Street Journal roster of All-Star Analysts or on the Institutional Investor's All-Star Research Team.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/17/2008 9:25 AM Buy
None
11.16 17.50
as of 12/24/2008
1 Week down  -1.98 %
1 Month down  -0.87 %
3 Months up  6.45 %
1 YTD up  6.45 %

(*) Stock Price at the time of the recommendation.
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