Hints and tips:
...The tie-up between two mid-tier shale drillers — Cabot Oil & Gas and Cimarex Energy — is a case in point. Houston-based Cabot’s offer values Cimarex at about $71.50 a share....
...ending, as the most productive “core” parts of the Marcellus, in north-eastern Pennsylvania, were now in the hands of just three companies: Chesapeake, EQT and Coterra, formed by last year’s merger of Cabot...
...Cabot was a prize for Cimarex, he suggested, offering “stable production, cost cuts and a cash flow machine”. Cabot had been a much-rumoured target for months....
...The biggest operators — EQT, Chesapeake, and Coterra (created by last year’s merger between Cimarex and Cabot Oil and Gas) — now have positions in the core Marcellus rocks that will sustain them for years...
...Cabot produced about 394,000 barrels of oil equivalent a day in the first quarter of this year, compared with Chesapeake’s 479,000....
...Independent companies such as EQT, Antero Resources, Cabot Oil & Gas and Chesapeake Energy dominate production — a point reflected in their share price performance this year....
...Over that period they have also outperformed shares in other leading Marcellus gas producers including Cabot Oil & Gas, Range Resources and EQT itself....
...Owens was most recently the chief executive of Fifth Street Finance Corp, a specialty finance company. He spent more than two decades at Goldman Sachs....
...Cabot Oil & Gas, a big Marcellus producer, said its output would remain roughly flat between the second and third quarter of 2016, while competitor Range Resources eyed a slight rise in production....
...Cabot Oil & Gas once had six rigs drilling in Pennsylvania. Now there is one....
...Cabot Oil fell 4.2 per cent to $22.30, Chevron was down 0.5 per cent to $101.52, ExxonMobil lost 0.2 per cent to $87.34 and Chesapeake Energy declined 2.3 per cent to $6.40....
...by many aircraft before and will be repeated again — inventory rises, price falls until a point when everyone wakes up and realises that the aircraft represents great value for money,” says Tim Barber, Cabot...
...Shares of the biggest US gas producers suffered, with Chesapeake Energy down 7.7 per cent, Cabot Oil & Gas off 1.7 per cent and EQT off 2.9 per cent this week to Tuesday....
...Energy companies made up three of the five S&P 500 corporates to beat earnings by the greatest margin in the first three months of the year, the FactSet data showed, with both Cabot Oil & Gas and Consol...
...As oil prices plummeted more than 6 per cent to a six-year low, Newfield Exploration fell 10.3 per cent to $27.66 and Cabot Oil & Gas Corp shed 9.8 per cent to $22....
...As a result, the shares of gas-focused companies such as Cabot Oil and Gas have often been less affected than their more oil-focused peers. Another critical factor is debt....
...In 2012, Cabot Corporation bought Netherlands-based Norit Corporation for $1.1bn, while in the same year Eastman Chemical paid $4.8bn in cash and shares for Solutia....
...Cabot was acquired by JC Flowers in May last year from rival buyout group AnaCap in a £500m transaction....
...Among the gas specialists, the lowest-cost operators of the Marcellus Shale of Pennsylvania are among the best performers, including Cabot Oil & Gas, up 347 per cent in five years, and Range Resources, which...
...Transocean fell 2 per cent to $37.97, Cabot fell 1.5 per cent to $33.00 and Hess dropped 1 per cent to $98.81....
...Now it looks as though Cabot Oil and Gas [a Marcellus-centric E&P] could have FCF this year, so maybe we will see this mythical creature.”...
...Neil Clyne, Cabot’s chief executive, said Encore’s “operating advantages” would boost the profitability of Cabot’s investments....
...Shares in Cabot Oil & Gas, which has operations in the Eagle Ford and Pennsylvania’s Marcellus Shale, and expects production to grow by as much as 54 per cent this year, have risen 77 per cent over the past...
...The decline is ominous for producers such as Cabot seeking to maximise returns on the wells they drill....
...Does Cabot’s approach help? Ms Gordon thinks so....
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