Stock Groups

Continental Resources posts profit, to buy Pioneer Natural’s Delaware assets -Breaking

by Mike Robinson

[ad_1]

© Reuters. (c) Reuters. The headquarters of Continental Resources can be seen downtown Oklahoma City on September 22, 2014. REUTERS/Steve Sisney

(Reuters) – Continental Resources Inc (NYSE:) Inc reported Wednesday a profit of 3.3% in its third quarter compared to a loss last year and stated it would purchase Pioneer Natural Resources Co.’s Delaware Basin assets worth $3.25 Billion

For the three months ending Sept. 30, oil and gas producer disclosed an adjusted profit in excess of $437.2M, or $1.20 per Share, compared to a loss last year of $58.9M, or 16 Cents per Share.

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]