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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

Comment by Einherjaron Feb 02, 2013 6:17am
279 Views
Post# 20928505

RE: Turning the corner?

RE: Turning the corner?

yes i think they turning the corner.

the loss for the gold swap is especially mentioned in the news release and i dont think it´s getting much bigger for q4.

"$2,471,448 to settle gold swap transactions entered into in conjunction with the company's credit facility with Credit Suisse."

cash numbers are also improving

"As of December 31, 2012, the Company had a cash balance of $24,741,357 compared to $20,383,957 at the end of the third quarter." In the new january presentation they still have 23 mio cash on hand.

the 2013 numbers with 175k oz are low ball. now they should be finished with overpromise and underdeliver

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