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Comstock Resources (CRK) signed a $1.65 billion letter of intent with SOCAR alongside a separate $450 million drilling venture, according to a Yahoo Finance report. The moves raise questions about whether the company's deleveraging strategy offsets the economic value given up in structuring these deals. The report frames the transactions as part of Comstock's broader efforts to manage its balance sheet while pursuing continued drilling activity, though analysts are weighing whether the trade-off favors long-term shareholder value.