(COG) Cabot Oil & Gas – Bull of the Day

We are maintaining our Outperform recommendation on shares of Cabot Oil & Gas (COG), reflecting its impressive exposure to the high-return Marcellus and Eagle Ford Shale plays, as well as its above-average production growth. Furthermore, the capital infusion of over $200 million bodes well for Cabot, which will help it to bolster its natural gas operations.

Buoyed by the growth momentum from the company s drilling efforts, particularly in its North region, Cabot recently reported robust third-quarter results. A relatively low risk profile and longer reserve lives are other positives in the Cabot story. Considering these factors, we believe Cabot is well positioned going forward and consider it an attractive investment.

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