Let's get this straight...
Back in late June/Early July Slider was the one "hyping" CRK, and I was the one "hyping" TMR. I had a different "alias" back then.
Still like TMR better than any other EnP I have researched, but now that the price is rising there are others that are starting to come into range for value. Another point and a half and I may take a little profit.
Speaking of CRK, we have some very good news...
Comstock Resources, Inc. Amends $163 Million Bank Credit Facility
FRISCO, Texas, Sept. 13 /PRNewswire/ -- Comstock Resources, Inc. (NYSE: CRK - news; ''Comstock'' or the ''Company'') today announced that the banks which are party to Comstock's $163 million revolving bank credit facility have agreed to reduce the interest rate for borrowings under the credit facility. Effective on September 10, 1999, the revolving credit line will bear interest at a fixed rate of up to six months based on the London Interbank Offered Rate (''LIBOR'') plus 1.25% to 2.0% depending on the utilization of the available borrowing base. Prior to the change, Comstock paid interest of LIBOR plus 2.25% on the revolving credit line. Based on the Company's current level of borrowings, the interest rate on the revolving credit line is LIBOR plus 1.5%, a reduction of .75% of what was being charged.
The $163 million revolving credit facility was arranged by Banc One Capital Markets, Inc. The First National Bank of Chicago, Toronto Dominion (Texas) Inc., Banque Paribas, MeesPierson Capital Corporation, Christiania Bank OG Kreditkasse ASA, Credit Lyonnais, Bank of Scotland and National Bank of Canada are participating in the $163 million bank credit facility.
... yada-yada-yada legalese |
