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Timothy Smith

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Timothy Smith

Re: FSUBCSchamps post# 83

Wednesday, 02/25/2015 10:30:28 AM

Wednesday, February 25, 2015 10:30:28 AM

Post# of 133
Management wanted to convey that EOG would not grow production as long as crude oil prices remained "low." As such, the rig count dropped from 54 in 2014 to just 27 in 2015, a gigantic 50% cut.

Management also dropped capital expenditure to just under $5 billion. All that capital expenditure will just go to maintain production.

Purely my own opinion. Do your Due Diligence.
Oil and Gas Stocks | Micro Cap | Small Cap | Mid Cap

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