RIG - Continental Resources: Disappointing Results But Company Returning To Normal
On Monday, August 3, 2020, independent exploration & production company Continental Resources, Inc. (CLR) announced its second quarter 2020 earnings results. Admittedly, nobody expected these results to be good but these were especially disappointing and the market sent the stock plunging 3.3% in the after-hours session, although it has since rebounded somewhat. With that said, Continental Resources is one of the most well-managed independent oil and gas producers in the nation and it is likely that the worst is now behind it, barring another wave of mass economic shutdowns. The company certainly appears