Garlic Chicken

• 1/2 cup fat-free, lower-sodium chicken broth $
• 3 tablespoons dry white wine $
• 2 tablespoons cognac
• 1 (3 1/3-pound) whole chicken, skinned and cut into 8 pieces $$
• 1 1/2 teaspoons extra-virgin olive oil $
• 1 1/2 teaspoons butter $
• 1/4 teaspoon salt
• 1/8 teaspoon freshly ground black pepper
• 40 garlic cloves, peeled (about 4 whole heads) $
• 2 teaspoons fresh thyme leaves
• 4 teaspoons chopped fresh parsley (optional)