Back in 2018, Comstock Resources (CRK) changed materially when entities controlled by Jerry Jones picked up 89 million shares in exchange for some oil and gas properties. Ever since then Comstock Resources has been on an acquisition binge that has few equals in terms of dollar amounts. Obviously, this company is a play on the recovery of natural gas.
Risks
However, the risks of such a vehicle are substantial.
There is a lack of operating activity as the company is currently structured. Therefore, once the acquisition and non-recurring charges subside, there could be