Added to YB: 2024-06-21
Pitch date: 2024-04-05
CRK [bullish]
Comstock Resources, Inc.
+137.35%
current return
Author Info
No bio for this author
Company Info
Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States.
Market Cap
$7.4B
Pitch Price
$9.13
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.29
P/E
108.28
EV/Sales
6.00
Sector
Oil, Gas and Consumable Fuels
Category
turnaround
Alpha Wealth Funds – The Insiders Fund Portfolio Holding: Comstock Resources, Inc.
CRK: Natgas E&P in Haynesville/Eagle Ford. 66% owned by Jerry Jones who recently bought $100M more. Cutting dividend & rigs due to low gas prices (~$2.5/MMBtu). 2024 capex $750-850M for 46 wells. LT bullish on rising US LNG exports but delays expected. High risk/reward play.
Read full article (2 min)