Higher crude prices helped Continental's Q3 profit beat estimates
Continental Resources said its earnings for the third quarter exceeded forecasts, aided by lower expenses for production and increased prices for crude oil. The company also boosted its output forecast for the year to about 13.3 million barrels of oil equivalent from a range of 12.5 million to 13 million barrels. Continental's net profit stood at $34.9 million, down from $105.3 million during the same quarter a year earlier.
Reuters | 11/05
This story published in API SmartBrief on 11/06/2009
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