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Over the past four years, I’ve written a total of 5 articles on natural gas exploration and production (E&P) company Comstock Resources, Inc. (NYSE:CRK) here on Seeking Alpha, starting with
Comstock Resources: Western Haynesville Is A Transformative Asset (Rating Upgrade)
Summary
- Upgrading Comstock Resources, Inc. from Sell to Buy due to higher natural gas prices and promising Western Haynesville acreage.
- Increased disclosure on the Western Haynesville acreage means it's no longer appropriate to value CRK based solely on current free cash flow.
- Western Haynesville acreage offers significant growth potential, making CRK an attractive investment for those bullish on LNG exports and gas demand.
- CRK stock remains high risk due to debt and cost uncertainties, but offers high-reward potential for investors buying on dips.
Elliott Gue knows energy. Since earning his bachelor’s and master’s degrees from the University of London, Elliott has dedicated himself to learning the ins and outs of this dynamic sector, scouring trade magazines, attending industry conferences, touring facilities and meeting with management teams. For seven years, Elliott Gue shared his expertise and stock-picking abilities with individual investors through a highly regarded, energy-focused research publication. Elliott Gue’s knowledge of the sector and prescient investment calls prompted the official program of the 2008 G-8 Summit in Tokyo to call him “the world’s leading energy strategist.” He has also appeared on CNBC and Bloomberg TV and has been quoted in a number of major publications, including Barron’s, Forbes and the Washington Post. In October 2012, Elliott Gue launched the Energy & Income Advisor (www.EnergyandIncomeAdvisor.com), a semimonthly online newsletter that’s dedicated to uncovering the most profitable opportunities in the energy sector, from growth stocks to high-yielding utilities, royalty trusts and master limited partnerships. Roger Conrad also contributes analysis of master limited partnerships and Canadian energy stocks to the publication. The masthead may have changed, but subscribers can expect the same in-depth analysis and rational assessments of investment opportunities in the energy sector.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CRK over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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