COG

Cabot Oil & Gas Corp

Energy


Presented:05/31/2017
Price:$22.19
Cap:$10.36B
Current Price:$24.09
Cap:$17.81B

Presented

Date05/31/2017
Price$22.19
Market Cap$10.36B
Ent Value$12.14B
P/E RatioN/A
Book Value$5.82
Div Yield0.93%
Shares O/S466.89M
Ave Daily Vol6,328,966
Short Int3.92%

Current

Price$24.09
Market Cap$17.81B
Cabot Oil & Gas Corp. operates as an independent oil and gas company, which engages in the development, exploitation, and exploration of oil and gas properties. Its core operations includes Marcellus shale, and Eagle Ford shale. The company was founded in 1989 and is headquartered in Houston, TX.

Publicly traded companies mentioned herein: Cabot Oil & Gas Corporation (COG), Cheniere Energy Inc (LNG), Rice Energy Inc (RICE)

Highlights

Marcellus natural gas companies such as Cabot Oil & Gas ($22) and Rice ($20) represent an attractive value at this time. The presenter said, “Being long is not a bet on nat gas, it’s a bet on the returns these companies can generate ". And, both are seeing 40-50% “fully-loaded” wellhead returns at $2.50-2.70 gas; and with an 8% cost of capital they are seeing a 40% spread (above WACC). While the path higher will be volatile, he sees the potential for both stocks to double in value over 18 months as the benefits of investment in recently approved takeaway capacity are realized.

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Idea Discussion

Commentor 1 - 2 weeks ago

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