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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

Comment by drenchcoaton Apr 01, 2012 9:39am
285 Views
Post# 19744640

RE: RE: RE: RE: CRK Moving Forward

RE: RE: RE: RE: CRK Moving Forward

I once read that there are some things that can't be explained to a virgin adequately using words or pictures. Losing money in the stock market is like that. While I am not advising you take  a loss here I don't think you can come to terms with a loss until it is taken. I happen to think that if you have a long enough time horizon you will at least break even especially if you are holding shares and not warrants. I have a policy of getting out of warrants when they have 2 years remaining no matter what. This may turn out to be premature. The people running these companies can't tell you anything about how the market is going to treat their share price regardless of the news coming forward. I can give you instances recently where good news takes the stock price down. Their is nothing to be gained from asking them for their crystal ball is no better than yours. Unless I am willing to make good their loss I never advise anyone on investing. It is a quick way to destroy personal and family relations, not to mention the personal responsibility about the outcome that anybody but a Financial Advisor would worry about! But you already know that. I feel your pain but it may be time to distance yourself from your computer and this stock and sort out your investment strategy. Peace of mind is much more important than money or investments. There may be a time coming when the only thing with gold in it that won't be going up will be Goldman Sachs. How long it will take for gold stocks to move up in these rigged markets is anyones guess.This is a giant casino and we are swimming with the sharks. And they have black boxes and robots on their side.

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