Continental Resources (CLR) has started restoring production after oil prices improved to more than $40 a barrel. The Oklahoma-based company's quarterly losses will likely slip deeper into the red when it releases its second quarter results in the coming weeks. But the oil producer's earnings will improve from the third quarter, and it might also generate free cash flows. In my opinion, the company's earnings might bottom out in Q2-2020, and its outlook is now looking better.
Image courtesy of Pixabay
The oil prices have risen sharply in the last two months, with the US