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Continental Resources (CLR) Stock Gains Following Capital Expenditure Reduction

2014-12-23 17:41:43| Electronics - Topix.net

The company now plans to spend about $2.7 billion while increasing production by as much as 20% next year. The decrease in spending is due to the recent precipitous fall in oil prices, although CEO Harold Hamm said that the U.S. oil industry will be able to "adjust" to and withstand the recent downturn.

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