Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Edmond Katonica who wrote (1191)	5/15/2001 12:49:57 PM
From: excardog	Read Replies (1) \| Respond to of 206154

RESEARCH ALERT-Morgan cuts Cabot Oil & Gas NEW YORK, May 15 (Reuters) - J.P. Morgan said analyst May Chilton cut her rating on independent oil and gas producer and marketer Cabot Oil & Gas Corp. (NYSE:COG - news) from buy to market perform on weakening natural gas prices. Cabot Oil & Gas, which is based in Houston, has 86 percent of its hydrocarbon production as natural gas. The stock closed Monday at $30.25 a share. Morgan cut its estimate for cash flow per share from $1.84 to $1.79 for the second quarter and from $8.27 to $8.22 for the year. The price forecast for natural gas in Henry Hub, a major pricing point for natural gas located in Texas, was also reduced in the second quarter from $5.12 per million cubic feet of gas (mcf) to $4.80 per mcf. For the year, it cut the estimate from $5.60 per mcf to $5.40 per mcf. Last December, natural gas futures on the New York Mercantile Exchange (NYMEX) reached almost $10 per mcf.