Thursday, February 27, 2014

3 Key Takeaways From Cabot Oil & Gas Corporation's Earnings


In reporting its fourth quarter results, Cabot Oil & Gas Corporation (NYSE: COG  ) again confirmed the high quality of its assets, but the report also highlighted a lingering problem. Cabot continues to produce monster wells in the Marcellus shale, yet it can't get market prices due to infrastructure snags. Similar to other firms, Cabot is reducing the projected 2014 capital spending budget while improving performance. In addition, the company is holding back on further expanding the Marcellus drilling program to seven rigs due in part to lack of infrastructure forcing the company to curtail growth efforts.

Read the full article here.


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