With Rising Natural Gas Prices, Comstock Resources Impresses With a Strong Quarter — is the Breakout From the Base Coming now?

The gas producer Comstock Resources reported strong Q1 numbers on May 1, attributed to the very cold winter. Both revenue ($512.8 million) and profit ($0.18) exceeded estimates. What could additionally drive the stock now is a newly drilled production well in western Haynesville, which has achieved exceptionally high production rates despite extreme geological conditions. In the medium term, this could lead to falling costs and increased competitiveness. If the company manages to conduct more successful drilling in the area promptly, it could...