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Bullish Case: Despite recent sell-offs and a suspended dividend, CRK's long-term operations show potential resilience boosted by the strategic midstream JV and operational efficiencies.


Bearish Case: Institutional divestments and reduced capital market confidence, compounded by a suspended dividend and operational challenges, underscore a bearish outlook for CRK.


Potential Outcomes: Price stabilization in near term (60%). Further institutional sell-off causing decline (20%). Surprise operational success could lead to bullish reversal (20%).


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March 27, 2024


Comstock Resources Forecast

CRK        Comstock Resources
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with CRK



RILY Forecast + Options Trading Strategies   [RILY]  B. Riley Financial (0.83)


APD Forecast + Options Trading Strategies   [APD]  Air Products & Chemicals (0.79)


EQT Forecast + Options Trading Strategies   [EQT]  EQT (0.78)


PTEN Forecast + Options Trading Strategies   [PTEN]  Patterson-UTI Energy (0.76)


BDX Forecast + Options Trading Strategies   [BDX]  Becton, Dickinson And Company (0.76)



Uncorrelated Stock Forecasts

Assets with little price relationship to CRK



SEE Forecast + Options Trading Strategies   [SEE]  Sealed Air (-0.0)


MEG Forecast + Options Trading Strategies   [MEG]  Montrose Environmental (-0.0)


AU Forecast + Options Trading Strategies   [AU]  AngloGold Ashanti Ltd (0.0)


ZM Forecast + Options Trading Strategies   [ZM]  Zoom Video Communications (0.0)


PYPL Forecast + Options Trading Strategies   [PYPL]  PayPal (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against CRK



NKTX Forecast + Options Trading Strategies   [NKTX]  Nkarta (-0.82)


VZ Forecast + Options Trading Strategies   [VZ]  Verizon Communications (-0.82)


CERE Forecast + Options Trading Strategies   [CERE]  Cerevel Therapeutics (-0.83)


WING Forecast + Options Trading Strategies   [WING]  Wingstop (-0.85)


KOLD Forecast + Options Trading Strategies   [KOLD]  ProShares UltraShort Bloomberg Natural Gas (-0.91)





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