NYSE:CRKOil and Gas
Will BofA’s Downgrade on Gas Price and Leverage Risks Change Comstock Resources' (CRK) Narrative?
BofA Securities recently downgraded Comstock Resources from Buy to Neutral, pointing to lower natural gas price forecasts, high leverage, and the company’s fully dry gas production mix as key risk factors.
This reassessment underscores how Comstock’s concentrated exposure to Western Haynesville gas makes its cash flow outlook especially sensitive to shifts in commodity assumptions.
We’ll now examine how BofA’s concerns about gas price risk and leverage could reshape Comstock’s previously...