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Comstock Resources Inc T.CRK.DB


Primary Symbol: 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

Post by bonjovi501on Jan 24, 2012 5:02pm
473 Views
Post# 19443898

LUXOR BID MIGHT FAIL

LUXOR BID MIGHT FAIL

A lot of people will not tender their shares and many fund groups will not either. Why sell your shares at .62 when CRK is worth almost twice that on NAV. I am sure that the fund groups will want more also so I really do not think Luxor will get their 85% but probably 60%  So this will leave a lot of shares to be traded in the future. One god thing about this takeover it has made our share price steady even in bad days. I get tempted to sell and get into something that has more upside in the short term but my gut says to hold and be patient. CRK should produce 100,000 ounces this year and 130,000 the following year and more each year after that. I predict Luxor will not get their 85% and we will find out in a few weeks.

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