Comstock Resources (CRK) – Expanding U.S. Natural Gas DominanceCompany Overview:
Comstock Resources NYSE:CRK is accelerating natural gas production, reinforcing its position in the Western Haynesville play, a key U.S. gas region.
Key Catalysts:
Production Expansion & Strategic Acquisitions ⛽
Increasing drilling rigs from 5 to 7 for higher output.
Acquired 64,000 net acres in Haynesville, boosting reserves & market share.
Investment in Drilling & Midstream Infrastructure 🏗️
$1.0-$1.1 billion planned for 46 horizontal wells in 2025.
$130-$150 million allocated to midstream development, optimizing gas transport & profitability.
Market Strength & Growth Outlook 📈
Positioned to capitalize on rising U.S. natural gas demand & global LNG expansion.
Investment Outlook:
Bullish Case: We are bullish on CRK above $15.50-$16.00, supported by production growth & infrastructure investment.
Upside Potential: Our price target is $30.00-$31.00, driven by expansion, operational efficiency, and market strength.
🔥 CRK – Fueling the Future of U.S. Natural Gas. #CRK #NaturalGas #EnergyStocks