COG - Cabot O&G Should Have Instead Taken Away The Word 'Oil' From The Name
- The announced deal was frustrating for me as a long-standing investor in Cabot O&G because the NewCo will become sensitive to oil prices.
- Last year Cabot O&G had a negative correlation with oil prices during the crisis in Spring.
- If the management were wiser they would have cherished this great achievement and pointed to it by immediately removing the word "oil" from the company's name.
- After the deal is announced, shareholders are left with hope that expected oil price rally in the next 2-3 months will realise.
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Cabot O&G Should Have Instead Taken Away The Word 'Oil' From The Name