Cabot Oil & Gas (COG) started recovering two weeks ago when concerns about natural gas market and trade tensions were at the most high level. It is a positive sign that investors apart from me are interested in this undervalued and attractive gassy company. The positioning in natural gas futures is extremely bearish. The likelihood of natural gas price to recover by the winter looks attractive enough to invest in the company.
Long speculative positions are at very low levels relative to the shorts.
Source: CFTC, Bloomberg
Cabot's shares have fallen so bad