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COG - Cabot Oil & Gas: Uncertain Outlook But Solid Financials
Cabot Oil & Gas Corporation
Cabot Oil & Gas recorded quarterly revenues of $459.68 million for the first quarter of 2021, down 18.9% compared to the same quarter a year ago and up 0.6% sequentially.
2021 guidance is remaining the same while 2Q'21 is revised a little lower. For Q2'21 production, the range is between 2,225 MMcfe/d and 2,275 MMcfe/d.
COG is a solid company that I consider primarily as a trading tool. A long-term investment in the stock should be limited and below $17.