EOG is the largest company in the Sweet 16 by a wide margin.
I have updated my forecast for Q1 results and I've adjusted a few line items, but the company remains on track for steady growth. The forecast will be on the EPG website this afternoon.
My valuation remains at $117.00, which compares to First Call's price target of $113.18.
My valuation would be higher, but EOG does not have any of their oil production hedged. That adds a bit more risk. That said, if WTI averages $50/bbl for the year, EOG will generate more than enough cash flow from operations to fund their $4 Billion capital program.
EOG has one of the top technical teams in the industry and they continue to get FANTASTIC well results. Check out their well results in the Delaware Basin.
EOG Resources (EOG)
EOG Resources (EOG)
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group