Cabot Oil & Gas to Limit Drilling to Cope with Natural-Gas Prices
Investing News Network - January 24th, 2012
Bloomberg 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.