HARRISBURG, Pa.-- Another natural gas exploration company says it's experimenting with the gas to power huge pump engines that drive the hydraulic fracturing process. Cabot Oil and Gas Corp. said Monday that it successfully tested an engine last month in northern Pennsylvania's Susquehanna County with gas from other wells it had already drilled.
*Nasdaq rises after results from Priceline, Nvidia. "We're getting more constructive on the second half of the year as both the market and the economy are picking up," said Terry DuFrene, investment specialist for JP Morgan Private Bank in New Orleans. "
*Concho Resources: ISI Group starts with neutral-. Theflyonthewall.com* EOG Resources Inc: ISI Group starts with neutral- Theflyonthewall.com* Chesapeake Energy: ISI Group starts with cautious- Theflyonthewall.com.
May 6- Cogeco Cable Inc:. *Files preliminary short form base shelf prospectus for up to $1,500,000,000. *The shelf prospectus will replace co's corresponding existing short form base.
May 6- Cabot Oil& Gas Corp:. *Jefferies raises price target to $84 from $76; rating buy. Reuters Station users, click. 1568.
*Cabot Oil& Gas Corp: Bernstein raises target price to $79 from $75;. *Range Resources Corp: Bernstein raises target price to $90 from $87;. Reuters Station users, click. 1568.
CHICAGO, April 26 Credit metrics of speculative grade issuers have stabilized and show signs of plateauing, according to Fitch Ratings' in its latest installment of the' Leveraged Finance Stats Quarterly- Fourth Quarter 2012.' Fitch does not view the incremental leverage experience in the fourth quarter and expected in the first quarter to be either outside of expected rating levels or indicative of a deteriorating credit environment.
April 25- Cabot Oil& Gas Corp:. *UBS raises target price to $67 from $59; rating neutral. Reuters Station users, click. 1568.
April 25- Cabot Oil& Gas Corp:. *Raymond James raises target price to $77 from $75; rating outperform. Reuters Station users, click. 1568.