Comstock Resources, Inc. (CRK)

SapphireSeas (77.10) Submitted: 7/14/08 3:12 AM : Start Price: $86.74 CRK Score: -38.88

Natural gas futures up 30% - and oil futures up 40% - in 2Q 2008 alone.





Strong energy play with lots of room to grow, so long as the company manages risks aggressively.





Yes, insiders are cashing out some holdings, but probably only to capitalize on current share price. The price of oil certainly is not going back below $100, but stock prices do not always reflect current and future prospects - take profits while profit can be made.





Outperform 3Y.





Reuters, 09 July 2008 --------





"During the quarter that closed June 30, crude oil futures climbed nearly 40 percent, while natural gas futures rose nearly 30 percent. Those gains helped to fatten energy companies' bottom lines.


""Higher oil prices have led to higher earnings for many companies," Tim Gaumer, director of fundamental research for StarMine in San Francisco, said. "For the current quarter, I see positive earnings revisions in only one sector, and that's energy.""





http://www.reuters.com/article/GCA-Oil/idUSN0942856620080709

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