Past year: ▼ 27%(12.32 – 26.86 USD)
Each one in plain English, with the numbers worked through for a shareholder.
5 June 2018agm notice● Neutral
Comstock filed a soliciting-material 8-K on the pending Jones Transaction, under which Arkoma and Williston would contribute North Dakota and Montana assets for up to 88,571,429 new shares. It attached a Lee Keeling pro forma reserves report as of April 1, 2018.
25 May 2018agm notice● Neutral
COMSTOCK RESOURCES INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
14 May 2018capital raising announcement● NeutralMajor
This amendment re-files the May 9, 2018 deal with Jerry Jones's Arkoma Drilling and Williston Drilling, adding the full Contribution Agreement as an exhibit. Under it Comstock would acquire North Dakota oil and gas properties, valued by the company at $620.0 million with no associated debt, for up to 88,571,429 new shares, leaving the partnerships with about 84% of the stock. Closing needs shareholder approval, antitrust clearance and new bank and bond financing acceptable to the partnerships, with an October 31, 2018 outside date and a termination fee of up to $12.4 million in certain cases.
14 May 2018agm notice● Neutral
Comstock amended its May 10 filing to attach the Contribution Agreement for acquiring North Dakota oil and gas assets, valued at $620 million, from Jerry Jones-owned partnerships. The partnerships would receive up to 88.6 million new shares, about 84% of the company after closing.
10 May 2018quarterly activities report▼ Bad
COMSTOCK RESOURCES INC reported a quarterly net loss of $41.9 million for the period ended 2018-03-31.
10 May 2018capital raising announcement▲ GoodMajor
Comstock agreed to acquire Bakken Shale (North Dakota) assets valued at $620 million from Arkoma Drilling and Williston Drilling in exchange for up to 88.6 million new shares -- the deal that would close three months later and hand the Jones family roughly 84% control of the company.
10 May 2018agm notice● Neutral
Comstock agreed to acquire North Dakota Bakken oil and gas assets, valued at $620 million, from Jerry Jones-owned partnerships for up to 88.6 million new shares. The partnerships would own about 84% of Comstock after closing, subject to stockholder approval and debt refinancing.
10 May 2018quarterly activities report▼ Bad
COMSTOCK RESOURCES INC reported a quarterly net loss of $41.9 million for the period ended 2018-03-31.
1 May 2018material agreement termination● NeutralMajor
Comstock scrapped its planned $75 million stock sale to Jerry Jones's Arkoma Drilling in favor of a bigger deal: Arkoma would instead contribute oil and gas properties directly for about 88.6 million new Comstock shares.
2 Apr 2018capital raising announcement▲ GoodMajor
Comstock agreed to sell 10 million shares to Jerry Jones-controlled Arkoma Drilling for $7.50/share and formed a strategic drilling venture giving Arkoma the right to fund Haynesville/Eagle Ford wells for a working interest -- the Jones family's first toehold in Comstock, four months before the much larger transaction that would hand them control.
26 Feb 2018quarterly activities report▼ Bad
COMSTOCK RESOURCES INC reported a quarterly net loss of $42.3 million for the period ended 2017-12-31.
22 Feb 2018director interest notice● Neutral
COMSTOCK RESOURCES INC President & CFO Roland O Burns had 12,255 shares withheld for taxes on vesting stock.
22 Feb 2018director interest notice● Neutral
COMSTOCK RESOURCES INC VP of Marketing Michael D Mcburney had 2,572 shares withheld for taxes on vesting stock.
22 Feb 2018director interest notice● Neutral
COMSTOCK RESOURCES INC VP of Legal & General Counsel D Dale Gillette had 2,843 shares withheld for taxes on vesting stock.
22 Feb 2018director interest notice● Neutral
COMSTOCK RESOURCES INC Vice President of Operations Daniel S Harrison had 1,384 shares withheld for taxes on vesting stock.
22 Feb 2018director interest notice● Neutral
COMSTOCK RESOURCES INC VP of Accounting Daniel K Presley had 2,398 shares withheld for taxes on vesting stock.
22 Feb 2018director interest notice● Neutral
COMSTOCK RESOURCES INC VP of Reservoir Engineering Russell W Romoser had 2,207 shares withheld for taxes on vesting stock.
22 Feb 2018director interest notice● Neutral
COMSTOCK RESOURCES INC Chairman & CEO M Jay Allison had 19,126 shares withheld for taxes on vesting stock.
22 Feb 2018director interest notice● Neutral
COMSTOCK RESOURCES INC VP of Financial Reporting Richard Darius Singer had 1,399 shares withheld for taxes on vesting stock.
20 Feb 2018substantial holder notice● Neutral
Carl H. Westcott, Commodore Partners, Ltd, G.K. Westcott LP, Carl Westcott, LLC, Court H. Westcott, Carla Westcott disclosed a new substantial COMSTOCK RESOURCES INC shareholding (6.21% of votes).
15 Feb 2018substantial holder notice● Neutral
SteelMill Master Fund LP, PointState Fund LP, PointState Holdings LLC, PointState Capital LP, PointState Capital GP LLC, BlockHouse Master Fund LP, PointState BlockHouse LLC, BlockHouse Holdings LLC, Zachary J. Schreiber reported a COMSTOCK RESOURCES INC shareholding of 1,712,269 shares (9.99% of votes) in a periodic institutional filing.
14 Feb 2018substantial holder notice● Neutral
Whitebox Advisors LLC, Whitebox General Partner LLC reported no remaining COMSTOCK RESOURCES INC shareholding in its periodic institutional filing.
14 Feb 2018substantial holder notice● Neutral
Knighthead Capital Management, Thomas Wagner, Ara Cohen, Knighthead GP and Knighthead Master Fund reported in an amended filing that they beneficially held 1,714,172 shares, issuable on conversion of convertible notes and under 10.0% of the class due to a 9.99% conversion cap.
14 Feb 2018substantial holder notice● Neutral
OR Oaktree Value Opportunities Fund Ho, OR Oaktree Value Opportunities Fund GP, OR Oaktree Fund GP I, L.P, OR Oaktree Capital I, L.P, OR OCM Holdings I, LLC, OR Oaktree Holdings, LLC, OR Oaktree Capital Management, L.P, OR Oaktree Holdings, Inc, OR Oaktree Capital Group, LLC, OR Oaktree Capital Group Holdings GP disclosed a new substantial COMSTOCK RESOURCES INC shareholding (9.90% of votes).
12 Feb 2018substantial holder notice● Neutral
Southpaw Asset Management LP, Southpaw Holdings LLC, Kevin Wyman, Howard Golden disclosed a new substantial COMSTOCK RESOURCES INC shareholding (7.20% of votes).
8 Feb 2018director interest notice● Neutral
COMSTOCK RESOURCES INC Vice President of Land Larae Lynn Sanders received 13,911 shares as part of the equity award.
8 Feb 2018director interest notice● Neutral
COMSTOCK RESOURCES INC VP of Corporate Development Blaine M. Stribling received 13,408 shares as part of the equity award.
8 Feb 2018director interest notice● Neutral
COMSTOCK RESOURCES INC President & CFO Roland O Burns received 124,994 shares as part of the equity award.
8 Feb 2018director interest notice● Neutral
COMSTOCK RESOURCES INC VP of Accounting Daniel K Presley received 13,230 shares as part of the equity award.
8 Feb 2018director interest notice● Neutral
COMSTOCK RESOURCES INC VP of Legal & General Counsel D Dale Gillette received 17,940 shares as part of the equity award.
