comstock
Posted: Mon Dec 05, 2022 1:57 pm
Absolute carnage. down 10.7 % today
If you like the Cowboys and NG outlook, might be time to consider it
If you like the Cowboys and NG outlook, might be time to consider it
Comstock is going to report very good Q4 results: Net income over $300 million and operating cash flow over $500 million.
Even if HH ngas averages $5.00 in 2023, Comstock should generate close to $2 billion ($7.00 per share) of operating cash flow next year.
It has a strong balance sheet and incredible "running room" in arguably the best natural gas field in the US due to its location and very high production rates.