CNX reports

[Fraser921]

First gasser reports

https://investors.cnx.com/news-releases ... -114558628

https://investors.cnx.com/~/media/Files ... ration.pdf

https://investors.cnx.com/~/media/Files ... s-deck.pdf

I don't own it..too many hedges at a crap price.. forecasting a 550m loss on 2022 settlements.
On bright side, buying back stock hands over fist.

[sl6886]

How much conviction do you have about Comstock?

[Fraser921]

I don't know if that's for Dan or me. Dan is bullish. I bought some yesterday , low 7's too low to ignore.
I dont think q4 will be that great but they have less and better hedges in 2022 so more cash flow. I think They will take more one time losses and throw everything in there that they can find so 2022 will be better.

I'm bullish on oil and NG and I want to participate on upside if I'm right. So, I prefer company's with low or no hedges. Adds risk, but the fundamentals are screaming at us

[Fraser921]

another mans opinion

https://seekingalpha.com/article/448204 ... s-too-high

[dan_s]

Comstock reported lower production from Q3 to Q4, primarily because they sold their Bakken assets to NOG in a deal that closed 11/16/2021 and some weather related well shut-ins. However, the Company's revenues will be up quarter-to-quarter thanks to higher realized gas prices.

Comstock is free cash flow positive and it has no near-term debt problems. 2022 operating cash flow s/b near $1.2 billion if their realized natural gas price is $3.50/mcf. Lots of free cash flow and lots of Tier One drilling locations in the Haynesville.