Comstock Resources, Inc. (CRK) Social Stream
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$CRK with crack you almost have to take the unexpected as the norm.AlkaneTrader, published April 28, 2021
Will this break to new highs after earnings? Or will they continue to disappoint and be the leader in underperformance.
I am looking at their free cash flow number for the quarter, if 50-100m, rally would be the norm. Also, I think their capex will be highest in q1. If free cash flow comes under 50m, they will be back under 5.
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So CEO earned a 2.9 million dollar bonus in 2020......for what exactly?
Total compensation of over 8m in 2018 and 2019. Over 5m in 2020.
These bonuses should be tied to stock performance. 3 million bonus last year and stock ended year well below where it started.
Sitting near 5 year low and guy is getting 3 million bonuses? Wow
$CRK comstock is actually a very simple transparent operation.
You can do the math on there numbers quite easily.
CRK has to spend about 525m to deliver 200m in free cash flow. If they keep doing this for 15years, they will be debt free. This is assuming 1.35bcf/d production and 2.50 louisiana price.
They have assets (pipelines) and acreage in Bakken/Eagle ford that can be sold to accelerate debt reduction if needed. Based on recent transactions, I think they would fetch 1-1.25b.