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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 jplaneon Apr 01, 2012 11:34am
384 Views
Post# 19744794

luxor

luxor

I've also watched and lost as shares were offered at 1.05 when trading above 1.30 . By the way, with the warrants attached to those 1.05 shares, they really only cost .82 . I took the opposite side of the Luxor equation, figuring that Luxor wasn't good for the share price. I wouldn't tender to Luxor on principle and took my losses at .58 . I'm a small fish and made enough earlier on, in other gold stocks to cover these losses. As a bigger fish, you and others like you, will determine share price going forward. I have mentioned in the past and was rebutted by pro Luxors, about reduced liquidity here with fewer shares trading (as Luxor holds 58%). You now have your lower volumes and significant holders with bad taste in their mouths. As u sell in this low volume environment, there is a buyer waiting if the price is right. I wouldn't sell your shares now, I've raised my target price to .47 and others will obviously pay more. You will be paying Luxor or others for loans. You will have another 20 million shares issued at .50 which could prove problematic. These new shareholders are receiving .50 shares in lieu of payment, and will probably consider a future offer from Luxor at .68 as a considerable bonus, as will many on the brink of selling at .46 last week. I think 90 % is threshold for taking a company private and if that is the goal offers may increase from here on. The other agenda is to continue accepting shares in lieu of payment on loans such as the loan for purchase of new mines. A great time for Croc management as the company grows they are sure gain increases in pay in a market where pay is substantial and all need a new Yacht

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