Continental Resources Inc cut its 2015 budget for at least the third time on Tuesday, as it grapples with the reality of cheap crude, but North Dakota’s second-largest oil producer said it still expects double-digit production growth this year. Founder and Chief Executive Harold Hamm canceled all of Continental’s oil hedges last fall after calling OPEC leader Saudi Arabia a “toothless tiger” in a bet that a price rebound would soon materialize. But no such sustained rebound has yet occurred, forcing thousands of layoffs across the oil industry and leading many of Continental’s peers to curb their own spending. Globally, oil companies have cut their budgets by about 20 percent this year, analysts at Barclays, the investment bank, said on Tuesday. But U.S. output has stayed quite resilient thanks to a rise […]