Comstock Resources, Inc. (NYSE:CRK)

I think I might see some more stumbling from here but long term looks good to me.

Buying at the bottom @ $12.5, waiting for the pop...

Good fundamentals and they are positioned well to take advantage of global recovery.

Natural Gas is the upcoming energy source for continental U.S.

Following Valuemoney

Guessing as usaul!

How'd this one sneak by? Sector-wide play.

See news bulletin below....self explanatory:

Petrohawk Shares Rise On Haynesville Shale Gas Well OutputLast update: 6/30/2008 10:33:53 AM

By Christine Buurma
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Shares of Petrohawk Energy Corp. (HK) shot up as much as 14% early Monday after the energy company said natural gas output from its first well in the Haynesville Shale had begun. The announcement boosted the shares of several other companies, such as Goodrich Petroleum Corp. (GDP), Forest Oil Corp. (FST) and Penn Virginia Corp. (PVA), that are active at the Haynesville Shale, which lies under north Louisiana and east Texas and is one of the hottest of the so-called unconventional gas plays. In a press release, the Houston company said its Haynesville well was producing 16.8 million cubic feet a day of gas. This came in at the upper end of the 10 million to 20 million cubic feet a day range that analysts had predicted, said Dan McSpirit, an analyst with BMO Capital Markets in Denver. "There's no question that this goes a long way toward confirming the large gas-in-place estimates that are being put forth," McSpirit said. "I think there will be a lot more of the same over the balance of the year." In shale formations, the gas is embedded in fine-grained sedimentary rocks, making it more difficult and expensive to develop than conventional gas plays. Companies have been piling into the Haynesville Shale and other such North American gas shale plays as gas prices have risen, making drilling economical. In March, Chesapeake Energy Corp. (CHK) pegged its potential reserves at Haynesville in a range of 7.5 trillion to 20 trillion cubic feet. Shares of Chesapeake rose 3.6% to $66.41 after Petrohawk's announcement. Petrohawk shares were recently up $3.44, or 8%, at $46.40, after hitting a fresh all-time intraday high of $48.82 shortly after the market opened. Petrohawk's Haynesville results "will be viewed as a positive for all the Haynesville players and will likely keep the momentum chugging for the group," analysts with Houston-based investment bank Simmons & Co. International said in a note to clients Monday. Among the other stocks enjoying a boost from Petrohawk's announcement were GMX Resources Inc. (GMXR), Exco Resources Inc. (XCO), and Comstock Resources Inc. (CRK). -By Christine Buurma, Dow Jones Newswires; 201-938-2061; christine.buurma@dowjones.com Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=3lGBWWahUFfXD%2FiXfjAf1g%3D%3D. You can use this link on the day this article is published and the following day. (END) Dow Jones NewswiresJune 30, 2008 10:33 ET (14:33 GMT)

Strong Fundamentals. Momentum upwards..

7.000

Today's highest gainer is next week's biggest loser

This is a strong stock they have gradually progressed over the past nine months and still has the potential to progress

Simply high demand for oil and gas

U need This

Great financials and strong industry. Everyone knows that we need our oil. With winter going on this is the strong season for them.

target 45$

Owns a good part of BDE which is to be sold

CRK has a major ownership in BDE. BDE is currently for sale and should close this fall. Once sold the cash inflow will substantially reduce CRK's debt. This will allow increased cash for new projects.

I like CRK for two reasons (1) it holds 49% of BDE and (2) production going up in their onshore East Texas drilling program. Look for EPS to crush the First Call estimates for several quarters to come.