EOG Resources Inc. (EOG)

[FSUBCSchamps]

I'm entering in EOG

[Fletch]

I called the oil bottom 3 days ago on the HAL board......LUCKY!!
Hope it holds, :>)
Fletch
What a good W bottom chart pattern.......with higher low......

[Timothy Smith]

$EOG is investing heavily in order to explore new growth opportunities and to sustain its successful operations. In 2014 EOG's expected capital expenditure is $8.1 billion to $8.3 billion. This capital investment in 2014 is about 14% to 17% higher than 2013's figures. A majority of the investment will be made in top plays with healthy growth prospects. Eagle Ford, Bakken, Permian and Rockies are the top plays where EOG is making huge investments. These investments will help EOG to bring growth to its top and bottom lines in the coming years.

[Timothy Smith]

$EOG - now the largest oil producer in the lower 48 states and posting industry leading 40% crude oil production growth over the last five years - has established enviable acreage positions in the Eagle Ford and Bakken shales through its first-mover advantage, and is now optimizing the development of the acreage.

[GreenShootz]

EOG is heating up!!!

[GreenShootz]

EOG heading up with oil!!!

[ECole]

Earnings transcript


http://www.earningsimpact.com/Transcript/84309/EOG/EOG-Resources%2c-Inc----Q3-2013-Earnings-Call

[Timothy Smith]

Quite notable is the recent move by EOG Resources to increase their presence in the East Texas Eagle Ford play. EOG has initially acquired ~19,000 net acres in Walker and Madison Counties. In addition, in a series of farm-in transactions, EOG acquired from ZaZa Energy (ZAZA) a total of 39,000 net acres (net of acreage swaps) and has an option to acquire an additional 10,500 net acres. This brings EOG's total position in the play to at least 58,000 net acres plus 10,500 net acres under option.

EOG's total capital commitment in the play has already added up to a figure that is material even for a very large company as EOG. Adding to the amounts paid for the acreage are significant drilling commitments that EOG assumed in the ZaZa transactions (EOG is obligated to drill a total of 6 wells on the ZaZa acreage, in which ZaZa will have a 25% carried interest; three of these wells are expected to be drilled by the end of this year). Interestingly, EOG made the decision to exercise its farm-in options on ZaZa's acreage ahead of time, prior to seeing the results from the initial three test wells it planned to drill. EOG's move provided much needed financial liquidity to ZaZa and, that way, eliminated certain risks related to the farm-in. Still, EOG's decision clearly reflects the company's strong interest in the play.

[Timothy Smith]

EOG highlighted its strategy of continually optimizing and increasing recoveries from its existing core plays, while using its technical expertise to search, evaluate and develop Greenfield plays.

With a suite of high return plays to plow money into, the company does not need to look at potential share buybacks yet management does want to continue offering a growing dividend to shareholders.

We see a significant shift in EOG’s FCF profile in 2014 that could
support higher growth (new venture or Permian), cash returns,
or attract corporate interest.

[Timothy Smith]

@TR4 - I would usher you to visit the oil & gas stock boards in my profile so I can actively respond to some of your questions.

[trustyrusty4]

Thanks for the info, I don't have PM but I'd love to email you some more questions I have if you have time. Just beginning to follow some of these stocks more closely. Thanks

[Timothy Smith]

Two companies currently dominate Eagle Ford shale production:

EOG Resources (EOG): 153,000 boe/day
ConocoPhillips (COP): 101,000 boe/day

The big picture here is that EOG and COP pump roughly 50% of the total production from the fastest growing and arguably the most economical shale play in the US: the Eagle Ford.

[trustyrusty4]

Thanks for your input, yeah I've been reading your posts on APC as well. I don't understand macro econ much and how one thing impacts another, but oil is tied to commodity prices pretty closely? EOG and most other oil companies were rising pretty fast a week or two ago and I understand they naturally pullback, but you thinking they ramp up again? APC was down hard this morning but rebounded nicely. If you wouldn't mind, you could PM your email to me and I could send you some generic questions, would really appreciate it! Curious how EOG will do with earnings as well, but I know it has price targets around $170 and with growth in Eagle Ford I don't see why the price per share won't continue to rise.

[Timothy Smith]

@TR4 - I do like $APC and post a lot of my DD here:

http://investorshub.advfn.com/Anadarko-Petroleum-Corporation-APC-10712/

[Timothy Smith]

$EOG has been a long time favorite of mine. I have been very bullish over their Eagle Ford positions and think that may have a lasting upside for them.

Oil stocks are down on pull backs in commodity prices. You can track oil movements through ETF like $USO and $ERX.

[trustyrusty4]

Yeah I read that EOG has roughly 8% of the Eagle Ford region which should be huge for its growth in the coming years. APC reported today, what are your thoughts on them? How come oil plays were all down today? Any price predictions with where you think EOG will go in the coming month or two? Just started to track oil companies more closely, but I think EOG should do very well compared to industry competitors.

[Timothy Smith]

The Eagle Ford has been one of the big drivers for EOG Resources. The company, which expects to grow its oil production by 28% this year, has a clear path to grow its oil production by double digits annually through 2017.

Overall, the company sees the potential for 4,900 additional Eagle Ford wells, which will enable it to capture about 8% of the Eagle Ford's entire estimated output.

[trustyrusty4]

What are your thoughts on oil companies reporting earnings during the next couple weeks? Any thoughts on Anadarko Petroleum (APC) for tomorrow after the bell or how EOG may do when they report Aug 7? Seems like EOG has been doing very well with Eagle Ford in Texas.

[Timothy Smith]

$EOG is the largest and best positioned producer in the Eagle Ford basin. Most of the company's assets are in the 'oilest' window of the formation resulting in the most profitable operations.

EOG's drilling program has been impressive. During the first quarter, 27 new wells that came online had initial production rates above 2,500 b/d.

That's impressive for a shale play. In addition, the company boosted its estimated Eagle Ford reserves of recoverable oil from 900 billion barrels to 1.6 billion barrels by decreasing the space between each well.

EOG Resources is by far the industry's fastest growing independent producer with output projected to grow 28% in 2013.

Management also has a track record of rewarding shareholders raising its dividend 760% over the last ten years.

[Timothy Smith]

Drilling focus: Eagle Ford Shale: EOG has 574,000 net acres prospective in the moderately over-pressured oil window of the Cretaceous-age Eagle Ford Shale at a depth of ~10,000’ (0.6-0.7 psi/ft; ~50 Mmboe OOIP/section). Additionally, EOG has 70,000 net acres in the dry/wet gas window.

[Timothy Smith]

I know what you mean. Decline rig counts and increased demand create spikes in prices. Natural gas will see this the most.

[DFW]

That would not surprise me in the least Jett

I think you might want to check rig count cause we are not building new ones right now I think...

That alone would keep production where it is for a while.

does this make sense...

[Timothy Smith]

I am researching still but I see worst case scenario $65-75 but likely to hold $80 IMO.

[DFW]

Million Dollar Question--Oil Prices

Here is a weekly Chart





The low in Jan 09 was around 38 bucks
The high right before that was 145
We are at 88.46 now...

Oil prices hit an all-time high of $145 a barrel in July 2008. This drove gas prices to $4.00 a gallon. Most news sources blamed this on surging demand from China and India, combined with decreasing supply from Nigeria and Iraq oil fields. However, even then this wasn't logical, since the economy was already in a recession.

I think the high prices where cause mainly by speculation but we did have the war going on but the election of Obama and the market tanking dropped the prices real low.....that is where I got interested in MLPs...

Here is a Daily Chart


high 110 low 78



In the last year the dynamics have changed drastically as you well know...

West Texas pipelines are backed up and we are shipping by rail.

That could be fixed in about a year but reworking wells using fracking has brought a lot of oil on line. We have a glut and I am surprised prices are this high. The new shall oil finds puts reserves very high all over the US.

Then I see current price movement and scratch my head.

Hour chart





I am hearing 50 buck oil from some but I do not see it in the market as I think a lot of money has moved from gold and is back speculating in oil.

I would like to see 60 for a spot to start buying again and I think we will get there from the coming recession (the cycle is due) along with the fiscal cliff and debt ceiling limit debate on the way.

Speculation could keep it in the range we are in.
But with all we have on line and another recession (I feel) looming.....got to put pressure on the price for the next 6 months...

5 minute chart





Here is a Handy Futures Chart Site

http://www.finviz.com/futures.ashx

It has been nice running into you here on I-Hub this year.

Merry Cliffmas !!!

DFW...


and Thanks for Your Support

[Timothy Smith]

What do you think oil prices will do over the next quarter? Year?

[DFW]

I get a daily energy letter for investing and there was a negative report on EOG but I did not read it...

There a lot of games right now in this sector which mean there could be big rewards for those that can understand it...

[Timothy Smith]

Cramer still has weight. Holding strong now.

[DFW]

Interview was with the CEO but there was nothing that we did not already know...

Whenever Cramer does an interview there always seems to be a pop in the stock...

[Timothy Smith]

I missed it. Anything good to say?

[DFW]

Interview with Jim Cramer tonight...CNBC

Avg Volume: 1,829,306



Day's Range: 118.72 - 121.37
Open: 119.20
Previous Close: 118.73
52-wk Range: 82.48 - 124.49
Market Cap: 32.1B
P/E: 26.9
Div Yield: $0.17 (0.57%)

[Timothy Smith]

EOG Resources (EOG) continues to outperform analyst estimates. There are multiple catalysts going forward that are my reasoning for a 12 month price target of $148.

EOG's current valuation is high, but company growth estimates are attainable. In 2006, company production was 21% liquids and 79% natural gas. 2012 company estimates are an average production of 86% liquids and 14% gas.

EOG will continue to decrease gas production. There is further growth to be attained by increasing oil production at the expense of natural gas liquids. EOG is shifting dollars from combo to black oil plays.

[Timothy Smith]

The threat of a supply glut has not been priced into the shares of all energy companies.

Shares of EOG Resources (EOG) are not trading low enough at $115 to compensate investors for this risk. Investors can buy more revenues per dollar from the S&P 500 since this index has a price-to-sales ratio of 1.29 while this stock has a much higher 2.73 ratio.

EOG shares currently trade at a high 22.49 price-to-earnings ratio, a higher value than the 14.1 average of the S&P 500 index. Shares trade at a 2.33 price-to-book ratio which is near the 2.05 S&P 500 average.

[Timothy Smith]

Billionaires Israel Englander and T. Boone Pickens Buy $EOG.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78869152

[Timothy Smith]

EOG is currently trading around $110 per share, giving it a price to book of 2.2 and a forward price to earnings of 17.1. This reflects a premium to EOG's underlying value, but it also reflects the firm's strong expectations for growth.

Analysts at Raymond James recently upgraded EOG from market perform to outperform, just a few days after researchers at Miller Tabak upgraded the stock from neutral to buy. I believe that these ratings are appropriate for EOG, since it is trading at a discount to its peers and its future earnings potential.

[Timothy Smith]

This quarter is the third time that management has increased guidance for the 2012 total liquids production growth target, raising it to +35% from +33%. The company's total production growth target increased from +7% to +9% year over year. Natural gas production is expected to decline 10% in 2012 as management wants to focus all its human and capital resources on oil.

However, given years of natural gas exploration and production, EOG still maintains a substantial amount of North American natural gas reserves, which it will keep in inventory until market conditions improve. Finally, in order to keep debt at manageable levels and minimize the funding gap generated by the company's drilling budget, management has shed $1.2 billion of assets this year. These asset sales have keep net debt-to-cap under 30%.

[canucklehead80]

Liquid Gold
Increased Fracking Creates a Burgeoning Water Services Industry
By G Joel Chury

Hydraulic fracturing or fracking is the process whereby hydrocarbons are freed from within shale rock deposits by pressurized water and additives. Such is the hunger for energy that 80% of all new North American oil and gas drilling now utilizes this technique, which, in its current form, is barely a decade old. Fracking requires enormous amounts of water, which has midwifed the birth of a highly lucrative water services industry.

For every horizontal well that is drilled, the fracking involved uses two to six million gallons of groundwater. This year, in the United States alone, the industry is projected to use anywhere from 70 billion to 140 billion gallons. Water services can amount to up to 30% of the initial costs of a new well.

Read more about well servicing, fracking, and energy. http://resourceclips.com/2012/04/03/liquid-gold/

[WildCatStocks]

Long term hold?

EOG Resources, Inc. (EOG)
EOG Resources, is engaged in the development, production, and exploration of natural gas and oil. With the current market price at $106, EOG Resources, Inc. has Return on Assets of 0.81% and a Return on Equity of 1.59%. The company’s last 5 years average of the minimum forward price-to-earnings multiple is 29.08, whereas its average price-to-earnings multiple is 44.08. EOG Resources has shown an increase of 7.5% in 2012.

[Penny Roger$]

~ Friday! $EOG ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $EOG ~ Earnings expected on Friday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=EOG&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=EOG&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=EOG
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=EOG#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=EOG+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=EOG
Finviz: http://finviz.com/quote.ashx?t=EOG
~ BusyStock: http://busystock.com/i.php?s=EOG&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=EOG >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

[WildCatStocks]

Thinks EOG is undervalued?

EOG Resources (EOG): EOG Resources, Inc. and its subsidiaries engage in the exploration, development, production and marketing of natural gas and crude oil primarily in the United States, Canada, the Republic of Trinidad and Tobago, the United Kingdom and the People's Republic of China. The Company has a Return on Assets (ROA) of 0.81% and a Return on Equity (ROE) of 1.59%. The company is trading with a Return on Invested Capital (ROIC) of 1.14%. The company is trading at 27.22 times current earnings multiple. The average of the minimum forward price to earnings multiples over the last 5 years for the company is 29.08 and the average price to earnings multiples in the same period is 44.08.The Stock is expected to grow at 54.11% over the next 5 years. The company is valued at $434.7 using the minimum earnings multiples and $658.9 using the average earnings multiples over the last 5 years. EOG is currently trading at $105.90, raising $7.39 or 7.5% this year.

[TradeBaron]

5 Oil Companies with a Chance to Grow:
http://editorial.equities.com/materials/oil-companies-with-a-chance-to-grow/

[OilStockReport]

EOG Resources (EOG) has 600000 net acres in the Bakken/Three Forks. It is the biggest oil producer in North Dakota. EOG has a 10 rig program, and plans 106 gross wells this year. It has had consistent well results:

Fertile 19-29H (Core Acreage) Initial production of (IP rate) 1008 Bo/d
Fertile 45-29H (Core Acreage) IP rate of 1223 Bo/d
Liberty LR 21-36H (Core Acreage) IP rate of 1201 Bo/d
Clarks Creek 3-0805H (Three Forks) IP rate of 1384 Bo/d
Hardscrabble 13-3526H (Stateline Area) IP rate of 1474 Bo/d

Remember these results are only based on oil and not oil equivalent. The Fertile wells were good, but in an area that has a good history of results. The Clarks Creek is a Three Forks well.

Hardscrabble might be the best well based on location. The Stateline Area is on the North Dakota side, but much closer to the Montana border. This shows the viability of this part of the play and helps to substantiate other smaller companies with Montana acreage.

EOG is a very large company that has done a very good job of switching its natural gas production to liquids. It continues to outperform estimates.

[$King]

EOG @ 95.23

[CashCowMoo]

EOG looking good!

[OilStockReport]

So far so good, as good as they can be with the market where it is right now.

[CashCowMoo]

Hey whats up turnkey, how are your plays doing?

[OilStockReport]

I think that sounds like a great plan.

[CashCowMoo]

Long hold

[OilStockReport]

Any thoughts on EOG at this point?

[OilStockReport]

Definitely looking good today! Big fan of EOG.

[rd1234]

EOG looking up JMO Check this article out!

http://themarketanalysts.com/2011/05/can-eog-ignite-your-portfolio/