I hope I did't speak premature. I picked up this yesterday, the first negative item on CMRE in a while. This must be why the stock is down a little from Thursday's high.
<<Comstock Resources, Inc. Files for Public Offering of Common Stock
DALLAS, Oct. 25 /PRNewswire/ -- Comstock Resources, Inc.
(Nasdaq-NNM: CMRE) announced today that it filed a registration statement with
the Securities and Exchange Commission to offer 4,000,000 shares of the
company's common stock, together with 1,870,000 shares to be offered by
certain selling stockholders. The proceeds of the offering received by the
company will be used to reduce borrowings under the company's bank credit
facility. The offering will be lead managed by Smith Barney Inc. with Raymond
James & Associates, Inc., Bear, Stearns & Co. Inc., Oppenheimer & Co., Inc.
and Rodman & Renshaw, Inc. as co-managers.
Comstock Resources, Inc. is a rapidly growing independent oil and gas
company based in Dallas, Texas and is engaged in oil and gas property
acquisitions, and oil and gas exploration, development and production
primarily in Texas and Louisiana.
SOURCE Comstock Resources, Inc. |
