EOG Resources

[dan_s]

EOG delivered outstanding 1st quarter results. I an updating the forecast model and will have it up on the website today. This one should be a "Core Holding" in any energy portfolio. - Dan

•Achieves 49 Percent Crude Oil and Condensate Production Increase and 48 Percent Increase in Total Liquids Production Over First Quarter 2011
•Increases 2012 Total Company Liquids Production Target to 33 Percent from 30 Percent
•Reports Strong Year-Over-Year Earnings Per Share, Discretionary Cash Flow and Adjusted EBITDAX Performance
•Delivers Solid Execution in Eagle Ford Operations and Confirms Viability of Downspaced Drilling
•Announces Additional Bakken Infill Drilling Success and Positive Results from Expanded Williston Basin Program
•Commissions St. James, Louisiana, Crude Oil Offloading Facility and Wisconsin Sand Plant

[dan_s]

Sweet 16 Growth Portfolio: EOG Resources (EOG) - Our updated Net Income and Cash Flow Forecast model is now posted under the Sweet 16 Tab. Our Fair Value estimate for the share price can be found at the bottom of the forecast.

EOG has updated guidance for their year-over-year increase in liquids production from 30% to 33%. The company is now on-track to generate over $5 Billion in cash flow from operations this year.