Jerry Jones' Company Hits 'Jackpot' As Harsh Storms Send Natural Gas Prices Surging
February 18, 2021 2:00 PM ET
The winter storms gripping much of the United States have devastated many families and businesses, with frigid temperatures and power outages causing particularly dire conditions in Texas.
But for oil and gas producers that have managed to keep production going, this is proving to be a big payday. Jerry Jones, the billionaire owner of the Dallas Cowboys, appears to be one of the beneficiaries.
Comstock Resources Inc., a shale driller that operates in Texas and Louisiana, told investors on an earnings call this week that the surge in natural gas prices was providing it with a major — albeit almost certainly temporary — financial boost. The company is publicly traded but Jones holds a majority of the shares.
https://www.npr.org/sections/live-updates-winter-storms-2021/2021/02/18/969074414/jerry-jones-company-hits-jackpot-as-harsh-storms-send-natural-gas-prices-surging
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"Obviously, this week is like hitting the jackpot," President and Chief Financial Officer Roland Burns said Wednesday.
You think it might be time to have his team owned by the people of dallas like they do in Green Bay, I really do despise the cowboys, they are not america's team............
