COM - Comstock Resources: Another Jerry Jones 'Draft Pick'
2024-04-29 15:25:50 ET
Summary
- Comstock Resources, Inc. shares have rebounded from two-year lows triggered primarily by the current administration's pause on LNG export facility approvals.
- Natural gas prices remain historically low, and the company recently suspended its dividend payment and rig count to preserve cash flow.
- However, the stock is up over 30% from its recent lows and maverick billionaire and Cowboys owner Jerry Jones has recently significantly increased his stake in this natural gas producer.
- An analysis of Comstock Resources follows in the paragraphs below.
The NFL Draft was conducted last Thursday through Saturday. The Dallas Cowboys spent both a first and a third-round pick to bolster their offensive line, a historical strength of the team. Cowboys' Owner Jerry Jones also has recently been bolstering his stake in a large natural gas producer as well, a different kind of " draft pick ."...
Comstock Resources: Another Jerry Jones 'Draft Pick'