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Comstock Resources Inc CRK

Comstock Resources, Inc. is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates through the exploration and production of North American oil and natural gas segment. The Company primarily operates in the Haynesville shale, a natural gas basin located in North Louisiana and East Texas, with economic and geographical proximity to the Gulf Coast markets. The Company is focused on the development of drilling opportunities in the Haynesville and Bossier shales and exploration activities in Western Haynesville play. The Company has approximately 2,959 drilling locations on its Haynesville/Bossier shale acreage, where the Company estimates to have 4.9 trillion cubic feet equivalent (TCFE) of reserve potential. The Company owns interests in approximately 2,478 producing oil and natural gas wells (1,516.7 net) and operates 1,703 of these wells.


NYSE:CRK - Post by User

Bullboard Posts
Post by mart33on Jun 06, 2008 11:20am
675 Views
Post# 15153967

New highs

New highsThere is an interesting article outlining CRK's recent performance:

https://www.stockhouse.com/Columnists/2008/June/2/Oil-and-gas-producer-triples-income-from-operation

The issue of a pullback in energy prices is a reality, and the question is weather or not, when there will undoubtedly be a pullbakc, CRK will be able to weather the storm. The company has had very stable cash flow growth, as well as a 1 debt-to-equity.

Also, on another note, now that we are in hurrican season, some of CRK's costal operations and supply lines may be at risk which could be a factor in the directors and CEO selling some shares, in order to avoid personal losses on the markets reaction to such an event.
Bullboard Posts