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Cabot Oil & Gas to Limit Drilling to Cope with Natural-Gas Prices
Jan. 24, 2012 04:20PM PST
Resource InvestingBloomberg reported that Cabot Oil & Gas Corp. (NYSE:COG) may decide to limit drilling to cope with natural-gas prices.
Bloomberg reported that Cabot Oil & Gas Corp. (NYSE:COG) may decide to limit drilling to cope with natural-gas prices.
As quoted in the market news:
Cabot, whose stock price doubled last year, outpacing every other U.S. gas producer, hasn’t curtailed its drilling and its fields remain profitable at current prices, George Stark, a company spokesman, said. Cabot fell 1.6 percent to close at $64.04 in New York.