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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 peep2on Jul 05, 2015 11:36pm
60 Views
Post# 23893729

Contrary to this link I don't think the final crash is going

Contrary to this link I don't think the final crash is goingto happen now. Though another fall 2008 like big correction crash seems to be coming now, which the West and the world should recover from again.

Since the US is still the financial leader of the dominate world financial system, namely the US led west's one. Able to still keep gold from bubbling crazily, if not from rising steadily from then on. After probably gold getting hit again along with everything else in the crash, as if is just an incidental influence to the world financial and economic system.

The world recovering from the crash because the BRICs competing world financial system is just starting out this year 2015, and not nearly established and strong enough to bring the final blow to the US led west finanical system and economy. That could be 4 or 5 years off.

This disturbing link thinks otherwise, which I think the above counters.
From
What "Exit Door"?
by Bill Holter, speaking in behave of gold king
Jim Sinclair
https://www.jsmineset.com/2015/07/05/what-exit-door/
Also coul be paraphrased by last sentences:
"We are coming very close to complete chaos that will make 2008 look like a walk in the park! We will be fortunate if we make fall without a real financial disaster!"

Also consider from the article:
"Below is an e-mail I received last Thursday from a friend. I have the utmost respect for his thought process and his knowledge. The writer is "plugged in" if you will, he has very high and powerful contacts in both China and London while he operates out of North America. The following is chilling to say the least because it comes from someone who "knows", it is not a speculation on his part because he is seeing it real time! I will add my comments afterward."
.....
....
"Credit markets are almost closed, I am being told! I REPEAT again the CREDIT markets are almost closed! Trades are happening by appointment and to even move 1MM EM bonds (at an opening price) is almost impossible. It is not uncommon to hear an indication only to trade and a 2% trade away from from opening, assuming you are able to trade, and desire to trade is no guarantee of a sale. NO ONE is standing up to market prices and to liquidate even a small portfolio can take weeks. "

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