https://investors.comstockresources.com/node/17726/pdf
>Generated free cash flow from operations of $68 million in the quarter. That's pocket change , Hey NG is 8. Dude, where's my FCF?
Down 70 cents after hours.
Comstock out
Re: Comstock out
Maybe the 408 million hedging loss has something to do with it.Dumped half my position before market close and dumped the other half after Hrs.Think the S&P will sell off to 3500 at some point anyway and can always buy it back, but I don't know.
Fraser can I buy a couple hundred gallons of that diesel you bought for my oil heat tank
Fraser can I buy a couple hundred gallons of that diesel you bought for my oil heat tank
Re: Comstock out
Yes, results were below Dan's projections. Waiting to hear his take. This is one of my largest p;ositions.
Re: Comstock out
Solid Q for CRK...as expected from my point of view. They always front load their capital expenditures in Q1 (they did the same last year). NG gas was not $8 in Q1. They are in track to generate over $500M FCF for the year and there numbers will get better as they progress through the year as their production increases Q over Q. All their metrics improving. In addition, when gas prices go double digits they will set them themselves up for a very good 2023.