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Comstock plans to cut debt with $1.65 billion Haynesville stake sale to Azerbaijan's SOCAR
Source: reuters.com
Company FundamentalsM&A & RestructuringEnergy Markets & PricesSovereign Debt & Ratings
Comstock Resources agreed to sell stakes in its Haynesville shale assets and related midstream business to SOCAR for $1.65B in cash, aimed at reducing its debt load. The transaction provides immediate liquidity while shrinking its balance-sheet risk. This is likely to be a meaningful, stock-moving event given the deal size relative to company scale.
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