Boston, MA 04/23/2014 (wallstreetpr) – Cabot Oil & Gas Corporation (NYSE:COG) is an autonomous oil and gas company, which is primarily related with exploration, expansion and production operations. The U.S. based oil business is operated under the CEO, President of Board, Dan O. Dinges, who maintained a 16% net profit margin in the last two quarters of 2013.
April 24, 2014 may change the calculations
The company announced on April 22, 2014, to webcast their 1Q2014 financial report on Thursday, April 24, 2014. The whole program will be hosted through a conference call on that very morning. Cabot has planned to release the report before the market opens. The oil and gas company, which operates its business from Pennsylvania, Texas and Oklahoma, decided to host the event from their head-quarter in Houston.
Annual Shareholders Meeting to cheer the investors
This quarter result is expected to bring positive vibes for the company’s shareholders as well as employees. On May 1, 2014, the company has decided to organize the Annual shareholder meeting, where the company will deliver optimistic narrations to encourage the investors. From the last two quarters, it is evident that the company will register good response. However, the whole scenario can change with a wink, if the company cannot satiate common people with their earning release.
Cabot announced fund for development
The financial results seem to have no connection with another major task by the company. During the second week of April, Cabot announced a financial support for the Lackawanna College of amount $2.5 million. The School Of Petroleum And Natural Gas, Lackawanna received the amount that will be used as further improvement of the college. This fund is the highest in the history of the donation, as stated by Mark Volk, the President of the college. According to him, this fund will help the college to stand technically sound and meet its goal.
Phil Stalnaker, the VP of the north region of Cabot Oil & Gas Corporation (NYSE:COG) commented it will enable the deserving students in becoming a part of the global natural oil and gas industry.
