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Cabot Oil & Gas Corporation Message Board

  • ralfie444 ralfie444 Apr 24, 2014 9:47 AM Flag


    Speaking for myself, these analysts are full of feces. Cog met earnings and exceeded rev compared to last year.. My opinion,stay long all the way.
    cog is a big winner "long term" "do not sell" stay long

    cog has a large short position which can drive the stock way above $40.00.

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    • Earning for the quarter were decent (not too great not too shabby). But a few key positives from the earnings report regarding the future might explain today's movement:

      1] "Second quarter production in the Marcellus has started out strong thanks to the continued efforts by our team in the field in tandem with our midstream provider to maximize our deliverability into the interstate pipelines," commented Dinges. "As a result, we expect sequential growth in the second quarter versus our prior expectation of flat production."

      2] "We have been very pleased with the strides our Eagle Ford team has made over the last six months. Based on the continued improvement in production rates and realized cost savings, which have resulted in higher rates of return, we are adding a third rig to our Eagle Ford program beginning in the third quarter," explained Dinges. "This additional rig will be focused on multi-well pads and is expected to have minimal impact on 2014 production but will materially impact our estimated 2015 oil production volumes."

      3] As a result of positive momentum in the Company's Eagle Ford program and the corresponding increase in rig count from two to three rigs beginning in the third quarter, Cabot's 2014 capital budget guidance has increased to $1.375 - $1.475 billion. The Company has also tightened its production guidance range for 2014 from 519 - 598 Bcfe to 530 - 585 Bcfe and initiated 2015 production growth guidance at 20 - 30 percent.

      Overall very good guidance. No signs of slowing down.

      Stay Long Friends!!!!!

      Sentiment: Strong Buy

25.80+0.33(+1.30%)Sep 30 4:02 PMEDT