In its five-year plan, Continental Resources tripled its production 18 months earlier than expected while also significantly growing its proven reserves, primarily in the oil-heavy Williston Basin. Now with its current plan wrapping up, the company is once again taking on the enormous task of increasing its production and proven reserves by three.
The best thing is that it's positioning itself nicely for the long term, as it hasn't expanded at any cost. The company has grown a sustainable level while keeping high margins and minimal leverage. Look for Continental to take advantage of its industry-leading leasehold in the Bakken and turn its prized assets into real returns for investors.
See more in the following video.
There are many different ways to play the energy sector, and our analysts have uncovered an under-the-radar company that's dominating its industry. This company is a leading provider of equipment and components used in drilling and production operations and is poised to profit in a big way from it. To get the name and detailed analysis of this company that will prosper for years to come, check out our special free report: "The Only Energy Stock You'll Ever Need." Don't miss out on this limited-time offer and your opportunity to discover this company before the market does. Click here to access your report -- it's totally free.
The article Continental Resources Sets Its Sights on Growth originally appeared on Fool.com.
Joel South, Taylor Muckerman, and The Motley Fool have no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.