Saturday, May 10, 2025

Cabot Oil & Gas Corp Reports Q3’12; Continues Down Sustainable Growth Path

Cabot Oil & Gas Corp (ticker: COG) is engaged in the development, exploitation and exploration of primarily natural gas and natural gas liquids  in the Marcellus Shale.  Outside the Marcellus, Cabot continues to expand its oil development efforts in the Eagle Ford and Pearsall Shales of South Texas, and the Marmaton, in the Oklahoma and Texas Panhandle. Recent Earnings Results:

Magnum Hunter Resources Corp Adding to Its Rich Asset Base; Reaffirms 2012 Production Exit Rate

Magnum Hunter Resources Corp (ticker: MHR) announced it will acquire Viking International Resources, a private company with approximately 51,500 net acres primarily in the Marcellus and Utica plays, for $106.7 million.  The deal will be funded with $37.3 million in cash and $69.4 million in convertible preferred stock. The preferred stock will pay an annual dividend of 8% and will