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Stock impact report

Comstock Resources: Ace In The Hole [Seeking Alpha]

Comstock Resources, Inc. (CRK) 
Last comstock resources, inc. earnings: 2/26 04:30 pm Check Earnings Report
Company Research Source: Seeking Alpha
The rig count in the Haynesville dry gas production is declining. The rig count will continue to decline until natural gas prices recover. CRK has a strong profitability cycle due to its early acquisition of acreage at low prices. The rig count decline cycle is at least more than halfway and likely near its end at this point. The pricing cycle of natural gas will change as more export capacity comes online in 2024 and 2025 to force North America to join the usually stronger world natural gas pricing market. This idea was discussed in more depth with members of my private investing community, Oil & Gas Value Research. Learn More » Comstock Resources ( NYSE: CRK ) is in a "swing basin" . Those kinds of basins are generally the higher cost but still competitive dry gas-producing basins. That means the basin is generally the first to idle rigs whenever costs are unfavorable. But this company has a few "aces" that many competitor basins do not have. As I wrote a few years back, Show less Read more
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