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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
Comment by jplaneon May 20, 2011 1:17pm
260 Views
Post# 18607749

RE: RE: Cosmo? ... and painting the chart

RE: RE: Cosmo? ... and painting the chartLet me guess, - The BS on tuesday will be "I've got years of experience scrwing everyone over and examined this companies projects extensively (key word will be extensively) and believe banks will continue to support our exercise in moving mud until the POG drops and we're screwed.(POG hasn't even dropped yet, but if u don't mine it u can't sell it) we will not have anyomore (spelling mistake on purpose) hurdles to jump as I'm here and will make this company finally work no matter what the cost." Interesting to see the financials here Q1  2010 they lost 2.54 Million$, Q2 they only lost 830 000.$ then Q3 they turned a profit 3.99 million$, then oops we screwed u in Q4 with a loss of 10.78$ million. The banks that backed us must be mistified , again does anyone have the facts here? How much money do we have and what has our burn rate been? If we believe this guy isn't going to burn through more $ , look at the last press release with more drills turning and better handling of the water pumps. (gonna put them where the water is). I ran into this before with another company and suggested they dig a hole at the lowest point and pump from there (Ohh) . They still went broke with such determined management to focus everywhere as they had lots of money at the time. They're in bankruptcy protection now , but not with my money. And which closet are they hiding Hoffman and how many years of experience will he take to his next disaster and all his transitional quarters BS.
Bullboard Posts