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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 bonjovi501on May 28, 2012 1:53pm
218 Views
Post# 19953080

RE: bonjovi

RE: bonjovi

I have been with CRK since the $1.60 days and was excited but in the last month or so I have lost faith in Chantal and the boys. First the cash costs were over $2000 and I see this for the 2nd quarter as well and with production stopping on the open pits and Cosmos running behind it does not look good. They are running out of cash at this level and will need to do another financing if things do not start to turn. Yes they bought a couple of mines but they were not top notch as the more you look into the story you will see a stink. CRK might be good in 2 years if they can make it that long and it really burns me that Chantal has taken this company backwards instead of forward in the last year. Gold grade is worse then ever and Cosmos is taking longer to get going and CRK keeps using the Luxor takeover and the buying of 2 new mines as excuses as to not getting out the news and I told Chantal excuses were for losers and if you had good news you would put it out. There are too many other good plays out there now and if you look on investment sites it states that CRK is a SELL and expect the share price to follow. Bottom line is I got burnt and now it is time to move on. Maybe a blessing in disguise. 

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