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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 navitsamon Jan 04, 2012 3:55pm
412 Views
Post# 19370059

serious bid building

serious bid building

For most of the day over 8 million shares have stood on the bid within two cents of the action on level two. Volume is definitely building and some serious sized orders (up to half a million shares at a time) go through every so often. The recent maximum strength of the bulls has been stopped by the bears @ 54 cents and we're now knockin' on 53. Looks to me like we're setting up for a showdown.

GLTA longs and may the shorts be squeezed!

 

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