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CTRA - Coterra Energy: Impressive Production But Hold Until Market Conditions Improve
Contura Energy Inc.
2024-01-25 14:59:00 ET
Summary
Coterra Energy has not convinced investors that it is an attractive investment opportunity. Between 2015 and 2023, the company's price per share tracked the oil and natural gas spot prices.
The company's investment in drilling and facilities has decreased since 2014, which has led to slower production growth.
Investors should wait for oil and gas prices to fall below historical averages before considering buying Coterra Energy.