Cabot Oil & Gas: Best Of Breed, But Appears Overpriced (NYSE:COG)

Seeking Alpha | May 23, 2020 at 7:31 PM
  • Despite its name, Cabot Oil & Gas (COG) is basically a natural gas producer (NG) not an oil company.
  • As such, it is now speculated that with oil drilling being cut back as a result of the diminished demand, NG produced as a byproduct of oil drilling will be reduced to the point that NG prices overall will rise considerably, to the great benefit of an efficient NG producer such as COG.
  • In a normal environment, COG would certainly be on my radar screen at $18.