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.
Investment Thesis
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Coterra Energy: Impressive Production, But Hold Until Market Conditions Improve