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Stock impact report

Divergent paths: Oil, natural gas going different directions [Reuters]

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: Reuters
Divergent paths: Oil, natural gas going different directions (Reuters) - The diverging fundamentals of U.S. oil and natural gas can be seen dramatically in the markets, where the oil-to-gas price ratio has surged to its highest in six years. The oil-to-gas ratio, or the level at which oil trades compared with natural gas, recently reached 30-to-1, and could increase further as analysts expect average gas prices will fall for a second consecutive year in 2020 to their lowest level in over 20 years. That is because most U.S. drillers are not looking for gas. Companies like EOG Resources Inc ( EOG.N ), Pioneer Natural Resources Co ( PXD.N ), Diamondback Energy Inc ( FANG.O ) and Exxon Mobil Corp ( XOM.N ) are mostly seeking more valuable oil and natural gas liquids, which bring with it a lot of associated gas, making producers less sensitive to gas price declines. “By-product natural gas, which doesn’t adhere to the laws of supply and demand, accounts for nearly half of U.S. gas Show less Read more
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