Buy Cabot On Dips To $30
by IncomeHunter
Cabot Oil & Gas (COG) surged earlier this week on a brief rise in natural gas futures and the announcement of its joint venture with Osaka Gas Co., Ltd. Cabot remains primarily a natural gas producer, despite gains in liquids growth, which helps explain why Cabot is experiencing a volatile year. At a recent event, Exxon Mobil (XOM) CEO Rex Tillerson warned that continued low natural gas prices could force some companies to stop drilling altogether, admitting that even Exxon Mobil executives are "losing their shirts" on natural gas -- the same situation that Cabot is in. Cabot's joint venture with Osaka will help Cabot maneuver through the next year, but Cabot's future growth depends as much on natural gas prices returning to normal levels as making wise investment decisions. read more »
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