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 > Is it a good buy here based on given NewCo arrangment?

<< Previous

Bullboard Posts

Next >>

Post by rocketeeron May 11, 2015 7:34pm

193 Views

Post# 23717127

Is it a good buy here based on given NewCo arrangment?

HI;
Wondering if anyone can shed light on this arrangment as I've been reading up on this scenario, but I do not understand the "All NewCo Shares will be issued in the Transaction on a notional 1 for 5 consolidated basis" part of new release I was reading. Wording in these releases can sometimes be deceiving perhaps. Anyone make out what this would actually mean and whether an entry here is even worth looking at? thx:)

<< Previous

Bullboard Posts

Next >>

10 best-performing AI stocks for Canadian investors