johnsyn Saturday, 04/20/13 08:56:51 AM Re: Timothy Smith post# 153 Post # of 190 moving on up to the good life- Wells Fargo Starts Cabot Oil & Gas (COG) at Outperform 6:50 AM 4/19/2013 - StreetInsider Wells Fargo initiates coverage on Cabot Oil & Gas (NYSE: COG) with a Outperform and $78-$82 valuation range. The analyst comments: "With its core asset in the Marcellus, Cabot provides investors with exposure to industry-leading per share growth and capital efficiency. As the company transitions to development mode, we believe more efficiency gains are to be had. With an inventory in place to support a top-tier growth profile and an asset base that is throwing off free cash flow, Cabot provides exposure to one of the premium E&P assets in the lower 48. We are initiating coverage of Cabot with an Outperform rating on the shares. Our EPS estimates for 2013 and 2014 are $1.50 and $2.84." Shares of Cabot Oil & Gas closed at $65.72 yesterday, with a 52 week range of $29.20-$71.39.