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 > From this level

<< Previous

Bullboard Posts

Next >>

Comment by COREDIGGERon Jan 11, 2012 12:29pm

226 Views

Post# 19391848

RE: RE: RE: From this level

Drenchcoat,

"Depending on your situation" is hogwash. Management has to act in the interest of all shareholders collectively. If an offer is opportunistic, they should reject it immediately to protect the interests of all shareholders.

I don't buy "win-win" whichever way this plays out. There will be shareholders who lose out if an opportunistic bid is accepted.

Disclosure: I'm in at 0.53 cost and feel badly for those who invested in the 1.50-2.25 range based on the hype management put out there at that time.

<< Previous

Bullboard Posts

Next >>

Investors eye Australian gold mining projects amid promising developments