83.6% of Cabot's shares are held by institutions, and 11.57% are held by insiders. Only 4.9% of the shares are available to retail. As recently as June 15, 2012, over 5% of the float was sold short. There are other companies such as Marathon (98% of common shares available to retail) and Range Resources (94% of common shares available to retail) that are in the same geographic regions and have much better share liquidity. Institutions and insiders basically hold all of the power over the direction of the share price in Cabot.
They will they to distribute their shares at some point. Sure they have been able to keep the share price elevated beyond reason, but how are they going to exit? The Goldman upgrade sounds like somebody is ready to try. When the hedges roll off after December, they'll lose half their cashflow unless gas takes off. Don't hold your breath. Anyway if you think it will buy NG futures and options. If you can nail it, you'll be rich in short order. If the jokers holding this thing aren't nervous, they're idiots.