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Old 09-29-2009, 12:27 PM   Nav to Top  #1
StocksonWallStreet
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Default EOG Resources

I think EOG Resources is a must Buy to get into the Bullish Natural Gas Sector. EOG is much undervalued compared to its competitors. It’s estimated that EOG will have a return on capital of 26% which is well above the peer average. Moving on, it is expected that EOG will have double digit production growth in 2010. This is critical because around that time prices will begin to soar where as only now we have seen them stabilize. EOG is also planning on spending more in the New Year to lift production. They are focusing on plays such as the Barnett Shale and the Bakken Oil Shale. Both these areas are being talked about a lot due to the abundant amount of resources they possess. The area is currently leased out by all strong players in the industry: DVN, XTO, and EOG. Adding to this, EOG has announced several new offshore energy plays in which they plan to take advantage of. It is a Bullish Stock and you should take a deeper look at it.



EOG Resources: A Top Natural Gas Play | Stocks on Wall Street
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Last edited by Miles; 09-29-2009 at 03:48 PM..
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