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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
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Comment by Swordplayon Feb 23, 2010 12:03pm
241 Views
Post# 16810876

RE: formation--pennant?

RE: formation--pennant?

I could be wrong, but this doesn't look like a very bullish pennant at all.

Look at the start of the formation.  The volume is very weak compared to

when the stock first started lifting off in Nov-Dec.  If anything, a bullish

formation should have maximum volume near the peak, not intermediately weak.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities