EOG Resources Inc. (EOG)

[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.