Comstock Resources Inc 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

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Comment by vforvalueon Jun 20, 2008 1:52pm

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Post# 15210048

RE: more growth?

More and more analyst have upgraded their estimates on CRK including:
Analyst Jeffrey W Robertson of Lehman Brother: from $59 to $66
Collins Stewart: $85!

Reasons:

"NYMEX oil price estimates for 2008 and2009 have been raised from $97.50/bbl to $113.00/bbl and from$85.00/bbl to $90.00/bbl, respectively. The EPS estimates for 2008 and2009 have been raised from $4.30 to $4.60 and from $3.45 to $3.50,respectively"

If oil does continue to raise, CRK will also, but how far will it go?

Source:
https://www.newratings.com/en/main/company_headline.m?id=1762244

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