Cabot Oil & Gas Is A Buy On Natural Gas And Oil Development Results And Price Growth
- COG grew production by 34% year over year in Q1 2014. Taking into account asset sales, this figure was actually 39%.
- COG cut total unit costs from $3.29/Mcfe in Q1 2013 to $2.66/Mcfe in Q1 2014. This should add nicely to COG's margins going forward.
- COG also is showing great roughly 90% oil results from its Eagle Ford acreage. This should add to its EPS growth nicely, since oil prices are high.
- Many other factors mentioned in this article add further to COG's attractiveness for the longer term.