CLR: 2Q21 -- Absolutely Incredible -- August 2, 2021

Earnings: this week.

CLR: unhedged. Slide 4 of the August, 2021, presentation, zero percent -- no oil whatsoever -- was hedged. 

CLR: close to 100% of all natural gas was captured. Only 1.2% was flared. And CLR has wells "everywhere" in the Bakken, and they are about the only operator bringing on multiple wells every week.  Perhaps some hyperbole there, but not much.

From David Messler: shale giants were hit hard by poor hedging decisions. No sympathy. Link here.

CLR August, 2021, presentation: pdf link here.

Argus Media: CLR ups 2021 natural gas output, oil unchanged. Link here. 

Industries like oil are back to business as usual. And CLR is in a position to win. Link here.

Earnings:

• consensus, 57 cents; whisper, 51 cents; reported: 91 cents; link here.
• wow, CLR killed the quarter; raised the dividend; implemented $1 billion share buyback; company founder owns 80% of the outstanding shares; when you consider what Mr Hamm owns, the float is small; I can't believe it's got 16% short interest. Those shorts are screwed. Link here.
• WAR52, jaw drops: link here.
• WAR52: hedged vs unhedged, graph. Link here.
• XOM, CVX, COP: get ready for a big move. Link here.
• CLR presentation. Link here.
• CLR presentation, zoom. Link here.

Oil after CLR reported:

• FANG. Link here.
• earnings. Link here.
  
• COP. Link here.
• PXD. Link here. 
• BP.boosts dividend, buybacks as profit soars. Link here.
  
• More companies yet to report. The one to watch this week: NOG. Link here.

Miscellaneous after CLR reported:

• if we curb supply, but not demand, oil prices will spike well into the $100 range. Link here.
• EVs: the numbers don't add up. Harold Hamm knows it. Link here.
• rising gasoline prices signal trouble for climate change action. Link here.