Filed under: CEO Insights
Focus on the Future
Spring is a time of growth, of change and of new directions. It is an exciting time, full of life and possibility. We see this every year in nature, and this spring we are experiencing it at Continental.
On March 1 we presented a public offering of 10 million shares of common stock to accelerate our drilling program, fund our capital budget and repay all amounts outstanding under our revolving credit facility. On March 21 we announced that we will be locating our headquarters in Oklahoma City. On March 25, our strong stock hit a new 52-week high as it traded at $71.87, compared with a previous 52-Week high of $71.38. And now, as we move through May, we are presenting a redesigned Web site to help visitors learn even more about Continental with the new www.contres.com.
The pace of this change has been quick, but we have received outstanding press coverage for our initiatives and we have our people to thank. It is the strong team we have built at Continental, from our newest employees to our industry veterans, who have enabled our business to rapidly expand.
Commitment to the Present
As Isaac Asimov famously said, the only constant is change. At Continental, we choose to embrace this philosophy and the new opportunities that come with growth, and we also choose to remain committed to our present.
As we begin our transition from an Enid company to an Oklahoma-based company with an increasingly national presence, we stand behind our pledge to support the community that helped Continental reach our potential. We have a new look, location and long-term goal for growth, but we still hold the same hometown values.
I am proud to have built Continental in Enid and I see great things in both Continental’s and Enid’s futures.