How High Gas Prices Are Helping Dallas Cowboys Owner Jerry Jones Make Billions » FirstSportz

Jerry Jones
Jerry Jones

Jerry Jones is no stranger to having a keen business acumen, he may not be the brightest mind on the football field or in terms of leading the Dallas Cowboys. Still, there’s no denying Wall Street’s vision and instincts about how a given company is likely to fare in the near future. Like the NFL owner, sometimes you have to risk big to make big, and often only those with a larger pool of wealth can fearlessly do that. Jerry Jones bet big on a natural gas company and also won big.

Jones took control of Comstock Resources Inc. almost four years ago when the natural gas market was at an all-time low, but due to the recent war between Russia and Ukraine, global fuel supplies are through the roof and prices are at an all-time low. The Cowboys’ owner initially invested $1.1 billion in 2018, according to the Wall Street Journal, and in just four years, his bet has paid off.

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“I don’t think it’s payday at all, I think we’re in the first quarter of this game”: Jerry Jones doesn’t want to cash out his bet just yet

Jerry Jones
Jerry Jones expects his investment value to continue to grow over the years

Jerry Jones’ stake is now $2.6 billion, more than double the amount originally invested. He has extensive strategic planning experience in the oil business long before he owned the Dallas Cowboys and expects to see a much higher return on his investment. Natural gas has been the top performer in terms of assets over the past year due to lower production, natural phenomena and the war in Ukraine which has reduced dependence on Russian oil.

Comstock is a Frisco, Texas based company and has been a star in the market. The surge first began in 2021 when a massive winter storm in February 2021 knocked out power in the state. Since then, the company’s shares are up 81%. Jones has put himself in a position where for every dollar the stock goes up or down, the Cowboys owner’s stake, which is nearly 66%, a mix of convertible and non-convertible preferred stock earns him or her nearly $182 million loses.

Although Jerry Jones is a winner overall, Comstock has fallen in the last month or so, losing $1.4 billion after a fire destroyed a major liquefied natural gas facility in Texas. Jerry Jones has been in the oil business for over five decades and owns over 500 active oil wells, all drilled in the 1970’s. He used the proceeds from them to buy the Cowboys for just $140 million in 1989, and during that time the team actually burned through cash like a furnace. The team lost a million every month, but today the Cowboys are the most valuable team in the United States, valued at $6.5 billion. Whenever it counted the most, Jerry Jones’ gambles paid off.

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Subhankar Mondal

Subhankar Mondal is a 24ssports U.S. News Reporter based in London. His focus is on U.S. politics and the environment. He has covered climate change extensively, as well as healthcare and crime. Subhankar Mondal joined 24ssports in 2021 from the Daily Express and previously worked for Chemist and Druggist and the Jewish Chronicle. He is a graduate of Cambridge University. Languages: English. You can get in touch with me by emailing:

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