DENVER (Reuters) - U.S. shale producer Continental Resources (NYSE:CLR) on Thursday said it anticipates low single-digit production growth next year, and cautioned that the oil market is still "fragile."
Continental this week said it would acquire rival Pioneer Natural Resources (NYSE:PXD)' assets in the Delaware Basin for $3.25 billion, an announcement that sent its shares tumbling by nearly 5% on Thursday. Continental said it would likely run around two rigs on the newly-acquired assets next year.