CRK was 5.88 on weds 2 days ago, today it hit 7.08 up 20.4 % in 2 days!!
Yes NG is up, but this move is insane, GDP is up more than 25 % in last 3 weeks
Who will be the first one to issue equity here?
crk
Re: crk
They don't need to sell equity (nor should they) at these share prices, especially when they all have a lot more free cash flow than they expected. Also, CRK has a majority owner with VERY DEEP pockets.
I'd like to see CRK add another drilling rig to complete more super high rate Haynesville wells to take advantage of this winter's high gas prices. CRK has some extremely valuable drilling locations at these gas prices; over 1,900 of them. See page 1 of our recent profile on CRK. Each Tier One drilling location has a value of over $1 million.
An average Haynesville horizontal well in the Tier One area comes online at over 25,000 mcf per day. 25,000 x $4.50/mcf X 90 days = $10,125,00 revenue in just one quarter on-line. Net of all royalties, operating expenses and production taxes good Haynesville wells will payout in less than six month at strip prices for the next six months. At $3.00/mcf the payout in about 9 months.
I'd like to see CRK add another drilling rig to complete more super high rate Haynesville wells to take advantage of this winter's high gas prices. CRK has some extremely valuable drilling locations at these gas prices; over 1,900 of them. See page 1 of our recent profile on CRK. Each Tier One drilling location has a value of over $1 million.
An average Haynesville horizontal well in the Tier One area comes online at over 25,000 mcf per day. 25,000 x $4.50/mcf X 90 days = $10,125,00 revenue in just one quarter on-line. Net of all royalties, operating expenses and production taxes good Haynesville wells will payout in less than six month at strip prices for the next six months. At $3.00/mcf the payout in about 9 months.
Last edited by dan_s on Fri Sep 03, 2021 6:46 pm, edited 2 times in total.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group