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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 Georgealphabetaon Apr 02, 2012 8:39am
325 Views
Post# 19746696

RE: RE: RE: RE: CRK Moving Forward

RE: RE: RE: RE: CRK Moving Forward

Bon Jovi, whenever I buy securities I try to invest like in a way I would own and manage the company, next thing that I think about is margin of safety on my investment. Let me give a good example. When CRK did last offering at $1.05, the stock was trading about $1.40, if I remember correctly the offering was below 50 day MA and below 200 day MA(please don't kill me if my numbers are off a bit). Of course that caught my attention, I bought miniscule amount in eighties and then in forties and fifties ( that was my margin of safety). See, margin of safety doesn't guarantee a profit, the purpose of the margin is provide YOU with a space for your mistake and/or error. As a retailer you have to provide yourself with greater margin of safety than professional traders, simple , because you don't have the access to the tools and analysis and news that professionals do. And I erred a lot when I bought in the company. My mistakes were following 1) CRK previous mngt was more interested in cutting deals with Grandich and Morabito than running CRK. 2) Luxor obviously bought in the company in order to take the control, with out buying all outstanding shares 3) There are some question marks in regard to geology of CRK mines. 4) More question marks about CRK technical teams 5) Lack of reliability in CRK communication...., and more. Obviously I didn't do proper research, however the margin of safety saved me from taking huge losses. I feel for you and your family and I wish you well. My advice to you is don't rely on the boards in order to make investments. Do your own research, when you invest think like a prospective owner and manager and allow for huge safety margin. That's only way to survive while swimming with the sharks.Best regards.G....,P.S. I saw your posts on other boards, that's way I came back here. Again best regards and good luck.G,

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