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 > Way too much paper

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Comment by TTSBon Sep 19, 2011 1:17pm

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Post# 19057806

RE: Way too much paper

ITS BEEN STATED ON BNN....FRIDAY....150 K PRODUCTION WITH COSMO 3-5 GRAMS GRADES

150 000 NEXT 4 QUARTETS......800$ CASH FLOW WHEN FACTORING COSMO LOWERING OVERALL CASH COST TO 1000$...

120 000 000 Cash flow.....@ 4X cash flow half the going rate for pure gold companies.....

should have a 450 million market capo or 1.50 per share.....raymond has 1.50 target....fraser has 1.50 target....cormarck has a 1.50 target...

200 million market cap is a steal with current cash position and current cash flow

PERIOD

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