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Fly News Breaks for June 11, 2019
CRK
Jun 11, 2019 | 07:06 EDT
Stifel analyst Jane Trotsenko said Comstock Resources' $2.2B deal to buy Covey Park is a positive that makes Comstock "a better comp[any." She "really" likes Covey Park's acreage position, well performance and cost structure and thinks Comstock paid a fair price, Trotsenko tells investors. However, she also thinks some investors could view the stock as a "show me story," given that other recent M&A transactions have been disappointing. Trotsenko keeps a Hold rating on Comstock shares.
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