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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 Jun 12, 2012 10:20pm
295 Views
Post# 20006506

RE: From Bad to Worse - Crocodile Gold Closes Prep

RE: From Bad to Worse - Crocodile Gold Closes Prep

Looks as if I know why my questions are going unanswered. Is CRK having money troubles?? Funny how they say that they will be putting extra money toward projects....yeah right,  with the high cash costs they are running out of cash maybe.........I was always told that hedging is another way to kill a stock and we will see tomorrow. It looks desperate to hedge 8,000 ounces per month at $1540.00 when gold is about to go a lot higher. Am I missing something here or should I sell out tomorrow or should I work till I am 80 now that I have been duked again, I hope I am reading this wrong.

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