EOG Resources: Low Cost Oil For The Coming Bull Market [Seeking Alpha]
EOG Resources, Inc. (EOG)
Last eog resources, inc. earnings: 2/27 04:33 pm
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US:NYSE Investor Relations:
investors.eogresources.com
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Source: Seeking Alpha
Joey Ingelhart/E+ via Getty ImagesOverviewEOG Resources(NYSE:breakeven point lower than competitors in their field. Recently management has announced a plan to invest in Double Premium Wells taking this strategy a step further hoping to increase the rate of return and lower theirbreakeven further. As the price of oil has recently rallied, EOG Resources is one of the largest shale producers in the Permian Basin. In 2016 EOG shifted to a strategy to produce what they call premium wells. These are wells that return at least a 30% Rate of Return at $40 barrel of oil and $2.5 MCF natural gas. The idea behind this is that at a higher rate of return costs will go down and generate higher cash flows. Below you can see the impact that this strategy has had since they started in 2016. Free cash flow has grown resulting in higher cash returned to shareholders and debt has fallen.Earnings PresentationAnd here you can see the price return compared to XLE since 2016. Though strongly correlated, EOG
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EOG
News
- EOG Resources, Inc. (NYSE: EOG) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- EOG Resources (EOG) Q1 Earnings Beat on Solid Oil Production [Yahoo! Finance]Yahoo! Finance
- EOG Resources, Inc. (NYSE: EOG) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
- Why You Should Buy EOG Resources (EOG) After Strong Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- EOG Resources, Inc. (NYSE:EOG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
EOG
Earnings
- 5/2/24 - Beat
EOG
Sec Filings
- 5/10/24 - Form 144
- 5/9/24 - Form 144
- 5/2/24 - Form 4
- EOG's page on the SEC website