United States

Cabot Oil & Gas Corp (COG.N)

COG.N on New York Stock Exchange

17 Nov 2017
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$0.65 (+2.26%)
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Latest Key Developments (Source: Significant Developments)

Cabot Oil & Gas Corporation announces public offering of common stock
Monday, 22 Feb 2016 04:05pm EST 

Cabot Oil & Gas Corporation:Says it is commencing a registered public offering of 38,000,000 shares of its common stock.The Company also expects to grant the underwriters an option for 30 days to purchase up to 5,700,000 additional shares of common stock.Company expects to use the net proceeds from the offering for general corporate purposes, including repaying indebtedness under the Company's revolving credit facility, bolstering liquidity and funding a portion of the Company's capital program.J.P. Morgan and BofA Merrill Lynch are acting as joint book-running managers for the offering.  Full Article

Cabot Oil & Gas Corp - Two Pennsylvania families who say fracking fouled water take case to trial - Reuters
Monday, 22 Feb 2016 03:38pm EST 

Cabot Oil & Gas Corp:Jury selection began on Monday in a federal lawsuit in which two northeastern Pennsylvania families allege that Cabot Oil & Gas Corp contaminated their well water with methane when it began fracking for natural gas near their homes - RTRS.Two couples - Scott Ely and Monica Marta-Ely, and Ray and Victoria Hubert - are the only plaintiffs remaining in a case that initially involved more than 40 people. The rest have settled with Cabot, a major producer in Susquehanna County.Critics say fracking is responsible for environmental damage, excessive noise and even earthquakes. Its supporters say the process, which has slashed the country's dependence on foreign energy sources in recent years, is safe.The families suing Cabot live near Dimock, Pennsylvania, a town made infamous by “Gasland,” an Oscar-nominated documentary that galvanized the anti-fracking movement.The 2010 film showed tap water in the area that could be set on fire because of the methane gas it contained. Both families say water in their homes was flammable in the past.Scott Ely, who said his family has lived in the Dimock area since the 1800s, said he hauls in tankers of water for his family. The family showed reporters a bottle of water that they say came from their well. It was the color of coffee and cream.The two families are seeking compensatory and punitive damages from Cabot for the alleged contamination of their water supply.  Full Article

Cabot Oil & Gas Corporation gives Q4 2015 production guidance
Tuesday, 2 Feb 2016 06:31am EST 

Cabot Oil & Gas Corporation:Expects production for Q4 2015 to be about 1,642 million cubic feet equivalent (Mmcfe) per day.  Full Article

Cabot Oil & Gas Corporation Declares Dividend
Tuesday, 5 Jan 2016 05:47pm EST 

Cabot Oil & Gas Corporation:declared a regular dividend of two cents ($0.02) per share on the Company's common stock.The dividend will be paid February 12, 2016 to all shareholders of record as of the close of business January 29, 2016.  Full Article

BRIEF-Cabot Oil & Gas Q3 adjusted earnings per share $0.07

* Cabot Oil & Gas Corporation announces third quarter 2017 results, provides 2018 operating plan and three-year marcellus shale outlook