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Comstock Resources: More Than Meets the Eye

 Back in April I argued that   Comstock Resources ( NYSE: CRK     ) was a hidden play on LNG exports from the Gulf Coast due to sizable reserves in the Haynesville shale with close proximity to the coast. The company, though, appears to have much more than natural gas resources based on the recent results of its first well in the East Eagle Ford shale.  Comstock Resources continues shifting toward oily production with added positions in the Eagle Ford and Tuscaloosa Marine Shale, or TMS. While total production isn't increasing that much due to a 30% year-over-year drop in natural gas produced during the first quarter, the higher realized prices along with more oil production dramatically improved results.  Read the full article here .  Disclosure: No positions mentioned. Please read the disclaimer page for more details.

Comstock Resources Inc: A Hidden Play on LNG Exports

The recent data points from the CEO of Cheniere Energy ( NYSEMKT: LNG     ) should catch the attention of all investors interested in the natural gas revolution ongoing in the U.S. For those not familiar with Cheniere Energy, the company is working toward exporting liquefied natural gas, or LNG, at the Sabine Pass Terminal in La. and the Corpus Christi Terminal in Tx. With Cheniere nearly doubling over the past year, one of the best ways to play the export boom are natural gas producers in the Haynesville shale in La. One such producer is Comstock Resources ( NYSE: CRK     ) , and naturally the largest landholder in that area is Chesapeake Energy ( NYSE: CHK     ). Read the full article here . Disclosure: No positions mentioned. Please review the full disclaimer page for more details.