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Comstock Resources Inc T.CRK.DB


Primary Symbol: CRK

Energy Oil & Gas E&P
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

Comstock Resources Inc > Updated valuation multiples for Small-cap gold
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Comment by goldpigon Dec 20, 2011 8:50am
221 Views
Post# 19337248

RE: Updated valuation multiples for Small-cap gold

RE: Updated valuation multiples for Small-cap gold

Consensus estimates by analysts for 2012 is net earnings per share of
.10.

Using the peer average of 21.1 times annual earnings results in a  2012 fair valuation of about $2.10 per share.

Mauds Creek should be able to move into production by mid-2013 and will boost annual production to about 220,000 oz per year.

Good timing for both the poison pill and putting the company up for sale.

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Dealroom for high-potential pre-IPO opportunities