Shares of Continental Resources tank amid higher 2022 capex, lower output view
(Reuters) - Shares of independent shale driller Continental Resources fell more than 8% on Tuesday, outpacing declines in the broader energy complex, after the company's 2022 spending outlook topped expectations and its output guidance was lower than anticipated.
Shares were down 8.7% to $52.44 at midday trading. U.S. crude futures were off about 3.75% to $91.95 a barrel.
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