The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Cabot Oil & Gas Corporation (COG)

The Law Offices of Frank R. Cruz reminds investors of the upcoming October 13, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Cabot Oil & Gas Corporation (“Cabot Oil” or “the Company”) (NYSE: COG) securities between October 23, 2015 and June 12, 2020, inclusive (the “Class Period”).

If you are a shareholder who suffered a loss, click here to participate.

On July 26, 2019, the Company disclosed that it had received two proposed Consent Order and Agreements related to two Notices of Violation it had received from the Pennsylvania Department of Environmental Protection in 2017 for failure to prevent the migration of gas into fresh groundwater sources in the area surrounding Susquehanna County, Pennsylvania.

On this news, the Company’s share price fell $2.63, or over 12%, to close at $19.16 per share on July 26, 2019.

On June 15,

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The Energy 202: Trump administration dinged by government watchdog for pandemic relief for oil companies

That royalty relief was supposed to go to wells that would have otherwise shut down because of the sharp decline in oil prices. The idea was to make sure that normally profitable wells were not plugged permanently because of the health crisis. 

But the GAO, in a report released Tuesday, said the Trump administration failed to properly take the economic viability of wells into account when deciding which wells got relief — and probably ended up offering aid to oil producers that did not need it, shortchanging taxpayers in the process.

“This is exactly the time the government should be spending money,” said Frank Rusco, the watchdog agency’s director of natural resources and environment. “But we’re about good government. And if you do it, do it in a smart way.”

When oil prices plummeted this spring, the Trump administration offered a 60-day reprieve on royalty payments in more than 500

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Oil Rises After Biggest Surge Since May on Stimulus Optimism

(Bloomberg) — Oil rose further after the biggest gain since May on growing optimism for more U.S. fiscal stimulus and as Hurricane Delta heads for the Gulf of Mexico.

Futures added 3% in New York, following Monday’s surge above $39 a barrel. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin will resume talks on Tuesday on another round of pandemic relief funding, but there’s no sign yet they are close to a deal despite Trump’s urging to get it done.

At the same time Hurricane Delta is hurtling toward the Gulf of Mexico, where it will likely force oil production to shut down. Gasoline futures gained Monday as the storm’s track became clearer, and continued to outpace gains in crude Tuesday.



chart: Oil reverses last week's losses when it plunged to a three-week low


© Bloomberg
Oil reverses last week’s losses when it plunged to a three-week low

Crude started the week by getting swept up in a broader market relief rally,

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Valvoline Instant Oil Change Partners With American Cancer Society To Raise Money In The Fight Against Cancer

NEWTON, Mass., Oct. 5, 2020 /PRNewswire/ — During October, participating Valvoline Instant Oil Change SM (VIOC) locations will offer customers the opportunity to help raise much-needed dollars to support American Cancer Society (ACS) and its Road To Recovery program which helps transport cancer patients to potentially life-saving treatment appointments. For an even bigger impact, customers can download a coupon from ValvolineFightsCancer.com and for every coupon redeemed, VIOC will donate an additional five dollars to ACS.

“DON’T PUT IT OFF!” Recent reports show that due to the pandemic, 46% fewer patients were diagnosed with cancer. This means many cancers won’t be discovered until they are in advanced stages when they are more difficult to treat. In support of ACS, VIOC wants to remind everyone that just like maintaining fluids in their vehicle prevents major repairs, getting recommended cancer screenings does the same for their body.

“We are excited for the

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Oil Plant That Threatened to Split Sweden’s Government Is Halted

(Bloomberg) — One of the Nordic region’s biggest oil refineries has halted an expansion that threatened to break up Sweden’s governing coalition, comprising the Social Democrats and the Green Party.



a large ship in a body of water: Fuel storage tankers sit on the dock at Vartahamnen harbour at the Port of Stockholm, Sweden, on Tuesday, Oct. 15, 2016. Oil tanker rates jumped to a four month high as traders booked the most cargoes for the time of year on record, offering signs that Middle East producers could be adding barrels to the market just before OPEC embarks on its deepest output cuts in eight years.


© Bloomberg
Fuel storage tankers sit on the dock at Vartahamnen harbour at the Port of Stockholm, Sweden, on Tuesday, Oct. 15, 2016. Oil tanker rates jumped to a four month high as traders booked the most cargoes for the time of year on record, offering signs that Middle East producers could be adding barrels to the market just before OPEC embarks on its deepest output cuts in eight years.

Preem AB has decided to withdraw all applications for a 1.6 billion kronor ($176 million) expansion of its Preemraff refinery outside Lysekil on the Swedish west coast, the company’s board said in a statement.

While the plans had already received the necessary environmental permits, the Swedish government had earlier

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Sweden’s Government Dodges Green Split After Oil Plans Shelved

(Bloomberg) — One of the Nordic region’s biggest oil refineries has halted an expansion that threatened to break up Sweden’s governing coalition, comprising the Social Democrats and the Green Party.



a large ship in a body of water: Fuel storage tankers sit on the dock at Vartahamnen harbour at the Port of Stockholm, Sweden, on Tuesday, Oct. 15, 2016. Oil tanker rates jumped to a four month high as traders booked the most cargoes for the time of year on record, offering signs that Middle East producers could be adding barrels to the market just before OPEC embarks on its deepest output cuts in eight years.


© Bloomberg
Fuel storage tankers sit on the dock at Vartahamnen harbour at the Port of Stockholm, Sweden, on Tuesday, Oct. 15, 2016. Oil tanker rates jumped to a four month high as traders booked the most cargoes for the time of year on record, offering signs that Middle East producers could be adding barrels to the market just before OPEC embarks on its deepest output cuts in eight years.

Preem AB has decided to withdraw all applications for a 1.6 billion kronor ($176 million) expansion of its Preemraff refinery outside Lysekil on the Swedish west coast, the company’s board said in a statement.

While the plans had already received the necessary environmental permits, the Swedish government had earlier

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