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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

Post by Gregariouson Jan 23, 2012 3:44pm
446 Views
Post# 19438211

Stew's Post

Stew's Post

Thanks for a more balanced view , amidst all the emotion . I truly sympathise with all those who are holding large positions at over a Buck . I was into this for over a year with holdings at that level but loaded up in the thirties . I now have the opportunity to escape with a 25% profit : not a great return for an 18 month investment .

But to put everything into perspective , what would we be trading at right now without the Luxor offer? In view of the latest news release and possibly the highest cost of production on the Planet ?   What seperates the winners from the losers in Mining is ability to execute the game plan . Bharti and crew haven't been able to mine their way out of a wet paper bag !

So whether we're being sold out or not is a mute point . It IS what it IS ! As Stew said , there are just too many if , ands , buts , and maybes in this companies future . There is no doubt in my mind CRK is better off being run by Luxor . In my opinion it could be better run by the Preschool Investment Club ! This isn't the only gold miner in the world !

Taking my meagre profit and going into LSG . Promising company trading at a good price right now !

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