EOG Resources (EOG)

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dan_s
Posts: 37318
Joined: Fri Apr 23, 2010 8:22 am

EOG Resources (EOG)

Post by dan_s »

EOG Resources, Inc. (EOG) reported second quarter 2013 net income of $659.7 million, or $2.42 per share. This compares to second quarter 2012 net income of $395.8 million, or $1.47 per share.

Consistent with some analysts' practice of matching realizations to settlement months and making certain other adjustments in order to exclude one-time items, adjusted non-GAAP net income for the second quarter 2013 was $573.8 million, or $2.10 per share. < This compares to my forecast of $2.02 EPS. - Dan

I hope to have my EOG forecast updated later today or early tomorrow. - Dan

PS: Based on may quick scan, my Fair Value Estimate will be going up.
Dan Steffens
Energy Prospectus Group
dan_s
Posts: 37318
Joined: Fri Apr 23, 2010 8:22 am

Re: EOG Resources (EOG)

Post by dan_s »

EOG Resources (EOG): an updated Net Income & Cash Flow Forecast model has been posted under the Sweet 16 Tab.

My Fair Value Estimate is now $200/share, which may prove to be very conservative. I think their Eagle Ford Shale leasehold may be worth more than that in a bidding war. It may be the most valuable real estate in North America.

EOG's position in the Delaware Basin (West Texas) keeps looking better and better. This is the primary reason I keep increasing my Fair Value Estimate.
Dan Steffens
Energy Prospectus Group
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