Comstock Resources: Work In Progress

Long Player Investing Group Leader Follow Summary The article highlights a stock facing market skepticism due to a recent high-cost discovery. Significant cash reserves exist from the sale of a noncontrolling interest in the Western Haynesville midstream company. Management emphasizes ongoing progress in reducing high costs. Mr. Market awaits confirmation in upcoming quarterly reports. Future cash infusions from the midstream asset remain possible if needed. Operational improvements are the key focus. This idea was discussed in more depth with members of my private investing community, Oil & Gas Value Research. Learn More » Denis Shevchuk/iStock via Getty Images The last article that I wrote on Comstock Resources ( CRK ) discussed that the market was down on a stock with a new discovery that had high costs. Additionally, there was considerable cash from the This article was written by Long Player 25.88K Followers Follow Long Player believes oil and gas is a boom-bust, cyclical industry. It takes patience, and it certainly helps to have experience. He has been focusing on this industry for years. He is a retired CPA, and holds an MBA and MA. He leads the investing group Oil & Gas Value Research. He looks for under-followed oil companies and out-of-favor midstream companies that offer compelling opportunities. The group includes an active chat room in which Oil & Gas investors discuss recent information and share ideas. Learn more. Analyst’s Disclosure: I/we have a beneficial long position in the shares of CRK either through stock ownership, options, or other derivatives. 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. Disclaimer: I am not an investment advisor, and this article is not meant to be interpreted as a recommendation to buy or sell the stock of this company. Investors need to review their own investment profile and determine if this stock fits their investment objectives on their own. It is recommended that all the company's official documents and press releases be read by an investor before making a buy or sell decision Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.