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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

Bullboard Posts
Post by Tomkinson May 26, 2010 10:29am
248 Views
Post# 17131894

Guarded share price

Guarded share priceI am beginning to believe that after they downgraded their projections for production levels for 2010. Investors are guarded on what the share price should be. I hope they prove themselves from here on in, that they can meet or surpass their projections and the price reflects an investment stock rather than speculation one. I do not know of one that had problems meeting or surpassing projections that was not under valued. Petro Canada was always a perfect example of this, way under valued and they always missed their projected targets.
Hoping for the best, from here on out.
Bullboard Posts