Dan Dinges
Dan Dinges
buying capital cog december early inherent investment late looking market merit november pull shares stock value
With the inherent value in Cabot's capital program, we recommenced buying shares in late November and early December with the market pull back. We still see a lot of merit and long-term value for the shareholders in looking at COG stock as an investment alternative.
activity calls complete current drilling including increased less level necessary plays program purchased region secured
We have secured the rigs necessary to complete our program, a program that focuses on more development activity and less risk. The current forecasted activity level calls for 391 wells, with increased activity in each region including expanded drilling on each of the acquisition plays purchased in 2005.