Seeking Alpha

Rosetta Resources' (ROSE +1%) purchase of some of Comstock Resources' (CRK +13.6%) oil-rich...

Rosetta Resources' (ROSE +1%) purchase of some of Comstock Resources' (CRK +13.6%) oil-rich acreage in the Permian Basin will reduce its dependence on the Eagle Ford shale and "provides clarity on growth plans"; ~96% of ROSE's production last year came from Eagle Ford. Shares of other firms with prominent Permian acreage also are higher: CWEI +10%, XEC +1%, CXO +0.4%.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)