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0.00576923076923082 0.00576923076923082 0.00889423076923071 -0.00841586538461533 0.00312500000000006 0.00600961538461538 0.00600961538461538 0.00240384615384619
Stock impact report

Cash-Generator EOG: Shale As It Should Be [Seeking Alpha]

EOG Resources, Inc. (EOG) 
Last eog resources, inc. earnings: 2/27 04:33 pm Check Earnings Report
US:NYSE Investor Relations: investors.eogresources.com
Company Research Source: Seeking Alpha
SummaryEOG has positively differentiated itself from its shale peers through its ability to consistently generate free cash flow while simultaneously growing its production and reserves base.Higher-quality capex from its “premium well strategy” and a 23% reduction in well operating costs between 2015-2019 have helped EOG achieve this rare feat among shale independents.EOG expects to be able to fund its dividend and reduced capex program through operating cash flow at $30 WTI, reaffirming its aversion to debt-funded growth.Crude hedging for Q2 and Q3 near $60/bbl shouldprovide around $800 million of revenue at $30 WTI, according to our rough, back-of-the-envelopecalculations.The shale industry is undergoing a fundamentalrestructuring which will cull highly-levered, high-cost operators who have placedproduction growth above financial discipline. Investors should use this period of turmoil asan opportunity to identify disciplined E&Ps with strong balance sheets andtrack records of value Show less Read more
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