Comstock has show strong share push since March and seems set to continue at least in the short term despite the low price of oil, watch for a little more retracement, if upward momentum is confirmed early next week then it should go another 10% before any significant dip. One of the few oil stocks which did not post disastrous results because of Covid.
From Investopedia
Comstock Resources engages in the acquisition, development, exploration, and production of oil and natural gas properties. The company posted EPS growth of 15.4% on revenue growth of 78.0% for Q1 2020, which ended March 31, 2020. Company CEO M. Jay Allison said that the company's natural gas operations in East Texas and North Louisiana have not been hurt by the COVID-19 pandemic. He said that Comstock will benefit in the future as low oil prices cause a reduction in activity in oil basins, leading to significant declines in natural gas supply in 2020 and 2021.
Not a professional please do your own DD, just an idea, don't blame me if you lose your shirt but if you make a 100k on this let me know so I can glory in your success!
From Investopedia
Comstock Resources engages in the acquisition, development, exploration, and production of oil and natural gas properties. The company posted EPS growth of 15.4% on revenue growth of 78.0% for Q1 2020, which ended March 31, 2020. Company CEO M. Jay Allison said that the company's natural gas operations in East Texas and North Louisiana have not been hurt by the COVID-19 pandemic. He said that Comstock will benefit in the future as low oil prices cause a reduction in activity in oil basins, leading to significant declines in natural gas supply in 2020 and 2021.
Not a professional please do your own DD, just an idea, don't blame me if you lose your shirt but if you make a 100k on this let me know so I can glory in your success!
Order storniert:
Idea did not come to pass