Drill Capital
Energy, value, long only, event-driven

Comstock Resources - Oil And Gas Turnaround Play With A 40% Upside

As specialists in researching and investing in the North American energy space, Drill Capital has canvassed the industry and has taken a deep dive into the companies that we believe will benefit from the boom in shale oil and gas production. We believe Comstock Resources (NYSE: "CRK"), the Texas-based oil and gas exploration company, has undergone a remarkable portfolio transformation over the past couple of years from being a primarily gas weighted company with a troubled balance sheet to a more balanced oil and gas producing company with a good set of assets (Eagle Ford, Tuscaloosa Marine Shale optionality) and production visibility.

Comstock Resources (NYSE:CRK) is a $1.8 billion oil and gas exploration company with primary operations in...

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