Continental Resources Sees Higher Prices in First Half of 2016, Cuts Costs, Boosts Production as It Waits for Higher Oil Prices, an Industrial Info News Alert
SUGAR LAND, TX--(Marketwired - Dec 28, 2015) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- A growing number of investors are betting against independent oil & gas producer Continental Resources Corporation (NYSE:CLR) (Oklahoma City, Oklahoma), despite the company's success in lowering costs and increasing production. About 25 million of Continental's 340 million shares of common stock were sold short as of November 30, according to data from NASDAQ quoted in an article in Forbes. Investors who sell a stock short are betting its price will fall, allowing them to purchase shares at a cheaper price in the future to cover their bets.
Within this article: Details Continental's oil production in Oklahoma, North Dakota and Montana.
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(December 28, 2015 - 7:30 AM EST)
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