EOG Resources (EOG) Update - Aug 16

[dan_s]

I just finished reviewing the updated profile for EOG. It is the largest company by a wide margin in the Sweet 16. Despite its size it is easy to forecast because it is so consistent and they do what they say the are going to do. Plus, they are focused on making money.

They are funding an aggressive stock buyback which will raise the share price over time.

They have a new Core Area called the "Ohio Utica Combo" where they are reporting outstanding well results. They are bullish on the BIG natural gas discovery in Webb County, Texas. < This is what first put SilverBow Resources on my Watch List.

The updated profile will be on the EPG website this evening and emailed to all EPG members in the morning.

For new members: All of our individual company profiles are drafted by one of our three super smart young MBAs from SMU. They have all be helping me for several years and they are very familiar with the companies assigned to them.