CRK shares jump 9.9% on SOCAR partnership and drilling JV
Comstock Resources’ shares rose 9.9% in the afternoon after announcing a $1.65 billion strategic partnership with SOCAR and a $450 million drilling joint venture with Jerry Jones.
What Happened? Shares of natural gas producer Comstock Resources NYSE:CRK jumped 9.9% in the afternoon session after the company announced a $1.65 billion strategic partnership with SOCAR and a $450 million drilling joint venture with Jerry Jones.Under the letter of intent, SOCAR will acquire non-o…