World Series Champ!Cabot Oil & Gas ( COG) is a leading oil and gas producer, engaged in the acquisition, exploration, development, exploitation, production and marketing of properties primarily in North America, with an expansion effort beyond West Canada. It has substantial interests in the Gulf Coast, including Texas and Louisiana, the Rocky Mountains and Mid-Continent. During the third quarter, in the East alone, Cabot participated in 10 wells, with nine being successful. Additionally, Cabot has five rigs currently drilling. Production grew 10% for the nine months of 2005 vs. the first nine months of 2004. In a mid-October update, Chairman and CEO Dan Dinges had this to say about Cabot's outlook: "In each of our regions, we have new and exciting opportunities that are consistent with our strategic direction. Our drilling, acquisitions, and leasing efforts are focused on building an asset profile that balances our reserve and production portfolios." It gets better, as Dinges went on to say: "With a larger program planned to exploit our 1 million acres for next year, some R&D opportunities in front of us, we anticipate greater expansion in Cabot's reserves and production."
Righting the (Toy) ShipCan you say "annihilated?" I will take the liberty and assume you can, because that is what describes onetime "toy behemoth," Mattel ( MAT). Although it looks financially strong, with a forward P/E of 13.09, an ROE at 18.64% and free cash flow at over $315 million, this company, headquartered minutes from the Pacific Ocean in El Segundo, Calif., is a sinking ship! Pretty soon it's going to be one of Will's