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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 cruisieon May 13, 2015 9:50am
141 Views
Post# 23723253

It all comes down to..

It all comes down to..
trusting the new management.. Will they use the funds wisely for ALL shareholders or will they use the funds to fill their OWN pockets some more.. Fortunately the big guys that will be directors of the new company have a very good track record, lets hope history repeats itself and they will not squander our funds now that CRK is doing so well...

The roll back 5-1 is also designed to attract bigger (hedge) funds that do not even look at or are not allowed to look at investing in anything under $1... The new board has a very large rolodex with names they can contact, a lot of goodwill.. This uncertainty and risk could provide large returns or sad retail faces, lets see if the new company directors will live up to their reputation.
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