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CLR - Continental Resources: Harold Hamm's Deal Ushers In Oil's Last Hurrah
Continental Resources Inc.
Companies like Continental, that slice through rock with sand and water to squeeze out oil and gas, have come into the firing line from investors who want to own more climate-friendly companies.
Continental shares were trading above the offer price of $70 a share Tuesday morning.
Exploration and production companies are meant to mint more than $830 billion in free cash flow this year, a 70% increase from last year according to Rystad Energy.