In Brief
- Cabot Energy*** (CAB LN – 3.75p) – UNDER REVIEW – All Change: Today’s news marks the start of a phase of change, which will refocus the Company on sustainable growth. Following this news, we will be revisiting the new management team and getting an updated reserves and production outlook, especially with regards to the current programme. Following today’s news, we are going to place our estimates under review, until such times as we have had the opportunity to discuss the new Management’s revised strategy and expectations, which will follow from its assessment of the current situation, the Company’s requirements and the underlying asset base.