Any thought on CRK?

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jb2257
Posts: 199
Joined: Sat Apr 20, 2013 8:12 pm

Any thought on CRK?

Post by jb2257 »

You had a positive report on July 4th with a fair value estimate of $37.00/share. It's been sliding every since now trading at $23.87 and I think it's too late to sell. Have the fundamentals changed?
setliff
Posts: 1823
Joined: Tue Apr 27, 2010 12:15 pm

Re: Any thought on CRK?

Post by setliff »

me too :(

I feel like a dunce for letting this get away fro me. support is fair between 22.5 and 24. you have to go all the way to 20ish for strong support. my thinking is mkt is looking at it as a gasser. volume has been very low however.
dan_s
Posts: 34648
Joined: Fri Apr 23, 2010 8:22 am

Re: Any thought on CRK?

Post by dan_s »

I think the market still considers CRK a "gasser" when it is not totally focused on increasing liquids production. My FVE has not changed and I expect a good Q2 report. Hang tough.
Dan Steffens
Energy Prospectus Group
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