CRK Comstock Resources, Inc.

$CRK Oil keeps going up, nat gas keeps going down. Is this just currently being propped up by oil and the energy trade in general?

$CRK Need to add more rigs to capitalize on these rising nat gas prices. $2.50 mcf looking like the perfect time to raise production. Keep up the drilling idiots.

$CRK Looks like Borat will be selling for a loss again. Natty pricing in a warm el nino winter.

$CRK Comstock Resources signed a framework agreement with Azerbaijan's state oil company SOCAR on Sept 28: a 1.65 billion investment in Comstock's Haynesville shale gas assets (company release). The structure is the read. SOCAR takes minority interests in the Legacy and Western Haynesville acreage plus a stake in Pinnacle Gas Services. Comstock keeps operating control, and plans to use the proceeds to cut pro forma net debt to about 1.5 billion from 3.1 billion. The other half is LNG: SOCAR gets to explore marketing Haynesville gas internationally, using its own LNG footprint. Framework, not a deal yet. Definitive agreement expected by Oct 31, close targeted by year end. The tension: Q2 revenue was 353.3 million, down 24.9% YoY and 15.7% below consensus; EPS 3 cents beat the 2 cent estimate. Fourteen analysts rate it Reduce (MarketBeat). The funding fixes the balance sheet. The gas has to do the rest.

$CRK Associated natural gas issue. NG is by product drilling for oil and the higher oil goes, more oil drilling and associated NG. Negative correlation at times.

$CRK I think it reverses here until SOCAR finalized. Looks dire day before announcement then $18. Would love to see strength here just not holding breath

$CRK lol, was expecting one more giveback to high 12s then go… Maybe not, maybe done w/ accumulation

$CRK once upon a time , newbie wrongfully mentioned everytime King buys it drops 25 percent immediately , where is the crybaby now ? He should acknowledge who is the king now 😎😎🤩🤩🤘🤘