Goldman Sachs Top Pick is EOG

[dan_s]

Goldman Sachs sees EOG Resources as “favorite” pick. Goldman Sachs’ says that EOG Resources (NYSE: EOG) is their “favorite” pick in the E&P space, noting that the company could grow production 20 percent annually through 2020. EOG will have free cash flow in 2018 and beyond; the company will also see expensive rig contracts signed back in 2014 start to expire this year, reducing costs; and EOG is working through already drilled but uncompleted wells this year, which should boost cash flow.