EOG Resources, Inc. (NYSE:EOG)
Explores for, develops, produces and markets natural gas & crude oil primarily in basins in the United States of America, Canada, offshore Trinidad & the United Kingdom North Sea & from time to time, select other international areas.
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Perennially among Forbes Top 40 companies, usually in top 20.
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EOG has low debt, and 90+% of revenue comes from domestic gas production. Therefore there is no political risk and they will benefit from the natural gas shortages in the US over the next few years.
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EOG Resources has a great track record through some tuff times. They will continue upward.
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PROFIT
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Ethanol will be big in the ensuing years
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Natural Gas Prices will take a hit this winter, but long term damand will always be there.
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I am not sure on the timing or catalyst that will send Oil and gas higher and higher. I do feel that it will happen because of limited supply, growing demand and political turmoil in many regions of production.
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EOG has strategic gas reserves that will be in demand this winter, and they are positioned to do well when gas prices rise.
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EOG is an aggressive E&P company, who continues to provide upside growth in existing plays and future areas. Have realatively no debt, and agressively developing Barnett shale position, and international plays.
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Good NG company with emerging prospects; has been beaten down with recent spot price decline in NG and should be back up again on any spike.
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check out the profit margin and ROE!
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Natural gas is at a year low and traditionally goes up in winter (and if there are hurricanes). Comapny with a solid ROIC.
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