- Comstock Resources is a little-known E&P producing natural gas in the Haynesville Shale.
- The company's finances improved significantly in the first quarter due to high natural gas prices, helping it to begin reducing its debt.
- It still has a way to go to get its debt down to the level of its peers, but the current valuation reflects that.
- The fundamentals point to the likelihood of high natural gas prices over the long term.
- Comstock Resources' stock offers an attractive valuation relative to peers so it might be worth building a position in while the company gets its debt under control.
For further details see:
Comstock Resources: Attractive Valuation And Strengthening Balance Sheet