Jim Cramer - Mad Money
Cabot Oil & Gas Corporation
CTRA-N
BUY
Apr 24, 2023
The price of oil has been wavering, but natural gas has been obliterated. CTRA is now Coterra Energy, and it receives 59% of sales from nat gas. One of the lowest-cost producers in the world. Pays a 3.1% dividend yield and buys back a lot of shares
Has a lot of natural gas operations. He likes nat gas. Crude prices are the same as a year ago, but nat gas is up 50% and looks strong for 2023. He keeps adding to his position.
The price of oil has been wavering, but natural gas has been obliterated. CTRA is now Coterra Energy, and it receives 59% of sales from nat gas. One of the lowest-cost producers in the world. Pays a 3.1% dividend yield and buys back a lot of shares