EOG Update - May 24
Posted: Fri May 24, 2019 9:30 am
In the last 3 months, 14 ranked analysts set 12-month price targets for EOG from $108 to $146. The average price target among the analysts is $121.36.
IMO EOG under $90/share is a "Screaming Buy". EOG is the largest company in the Sweet 16 with a market-cap of $52 Billion.
It is on-track to generate ~14% year-over-year production growth AND generate $1.5 to $2.0 Billion of FREE CASH FLOW FROM OPERATIONS.
EOG is a "Core of the Core" quality company.
At the AUSii conference on Wednesday someone asked me if EOG was a takeover target. Yes it is and the bidding war would go up to $100 Billion if it was put in play.
IMO EOG under $90/share is a "Screaming Buy". EOG is the largest company in the Sweet 16 with a market-cap of $52 Billion.
It is on-track to generate ~14% year-over-year production growth AND generate $1.5 to $2.0 Billion of FREE CASH FLOW FROM OPERATIONS.
EOG is a "Core of the Core" quality company.
At the AUSii conference on Wednesday someone asked me if EOG was a takeover target. Yes it is and the bidding war would go up to $100 Billion if it was put in play.