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home / news releases / CLR - Continental Resources Makes A Bold Move


CLR - Continental Resources Makes A Bold Move

The plunge in oil prices has forced several fast-growing shale oil producers to go into maintenance mode by cutting capital expenditures and holding production flat. Continental Resources (CLR) has gone one step further by cutting spending to a point where its production will head lower in 2020 from last year. But this could put the company in a better position to balance cash flows at low oil prices. The company, however, is a high-beta play, with no downside protection with hedges and a weak balance sheet, which investors should avoid at the moment.

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Stock Information

Company Name: Continental Resources Inc.
Stock Symbol: CLR
Market: NYSE
Website: clr.com

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