Continental Resources has lost around US$15 billion of its market capitalization since October 2018—more than half of its market value that now stands at around US$12 billion, in the latest sign that investors and the market are not favoring U.S. shale producers, which have been setting production records by outspending their cash flows. At the beginning of October last year, Continental Resources had a market capitalization of around US$26-27 billion. As of August 6, 2019, the market value of the oil producer founded by shale pioneer Harold…
