An independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties located in North America.
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I am buying this energy company on a pullback. It brings energy into my caps portfolio at a time when oil has bounced off of 110 heading for possibly higher territory. As the Oil and Gas industry sank heavily in the past weeks as the crude dropped from 147 to 110, I feel we are seeing bargain prices on oil and oil stocks. It is possible that the oil prices will continue to lag, and for this reason I choose cog which apparently controls gas reserves that are going to become economically feasible in the short future.