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

Bullboard Posts

Comment by must_be_patienton Feb 18, 2011 2:15pm

283 Views

Post# 18159897

RE: RE: AAB - Took Profits

Shouldn't they be able to do some debt financing now that they are generating cash flow? I haven't talked to mgmt about it, but it seems a reasonable path.

This board seems awfully negative, but the valuation gap between CRK and most other producers is pretty large, so I think a lot of the uncertainty on the board is already priced in.

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