Friday, January 10, 2025

Billionaire Cowboys Owner Jones Makes Big Bet on Comstock Resources

From Forbes Comstock Resources Inc. has been a bummer over the past few years. While the debt-strapped company didn’t file for bankruptcy like many of its peers when oil prices tumbled (it swapped part of its bonds with convertible notes instead), it entertained a move earlier this month that would dilute shareholders, sending its stock down 17% to $6.06 per share. Its shares spent