Continental Resources' CEO Discusses Q1 2011 Results - Earnings Call Transcript

Continental Resources (CLR)

Q1 2011 Earnings Call

May 05, 2011 10:00 am ET

Executives

Jeffery Hume - President and Chief Operating Officer

Harold Hamm - Executive Chairman, Chief Executive Officer and Member of Compensation Committee

Analysts

John Freeman - Raymond James & Associates, Inc.

Michael Bodino - Global Hunter Securities, LLC

Noel Parks - Ladenburg Thalmann & Co. Inc.

Presentation

Operator

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Good day, ladies and gentlemen, and welcome to the Continental Resources First Quarter 2011 Earnings Conference Call. This conference call is being recorded. Today's call will include projections, assumptions and guidance that are considered forward-looking statements. Actual results will likely differ from those contained in our forward-looking statements. Please refer to the company's filings with the Securities and Exchange Commission for additional information concerning these statements and risks.

Chairman and CEO, Harold Hamm, will begin this morning's call, followed by the President and COO, Jeff Hume, and then our question-and-answer period. Additional members of management are available to answer your questions.

Now we'll turn the call over to Mr. Hamm. Please proceed.

Harold Hamm

Good morning, everyone. Thank you for joining us on our conference call today. In North Canada, hockey is by far the most popular sport up there. To win the cup, a team must be fast to seize opportunity and consistent in its execution to score goals. We think that Continental's first quarter performance shows that same consistency and will be a clear reflection of the rest of the year. In fact, I believe our next several earnings call will sound very similar.