Production estimate 280 MMcfe/d in 2009 and CFPS estimates are $5.10 for 2009.... I am of the opinion and have weighted accordingly that Caobt should trade at a premium (reative to others) due to its increased exposure to the high-return Marcellus and Haynesville Shale plays. There are industry-leading well results that make the Marcellus acerages the cats meow imo. With the level of capital spending there should be sufficient activity to unlock value in its core regions and leave the growth story intact over the long term.

Also I suggest you look at a jr. exploration and producer that has sat on one of the largest land based oil reserves in North America for over 40 years and is now going to tap the deep reserves after it boosts daily production from reworking some old holes. They picked the acerages up long ago and have 50,000,000 BOE ready for taking easily., they trade cheaply and are under accumulation. Here is article that covers the salient points: http://energymarketwatch.net/ode.htm it is interesting as they are in a salt basin and Shell was not able to handle the saline in the lines 50 years ago so they lost the leases, then other operators in the region discovered the easy fix (when you complete a well you also install a dilution string so that you can circulate some fresh water down at the bottom and keep the salt dissolved and go ahead and produce your oil). You could load up hear and make out like a bandit when they tap the 17,000 ft level.