EOG Resources (EOG) Update - Nov 11

dan_s · Post by **dan_s** » Thu Nov 11, 2021 4:35 pm

I have finished my review of our updated EOG profile. It will be posted to the EPG website later this afternoon.

I "tweaked" the forecast/valuation model and my current valuation of EOG increases by $2 to $132/share. EOG pays a nice dividend and it has solid production and proven reserve growth locked in for over a decade.
Operating cash flow was $4.9 billion in 2020, they are on pace to $8.8 billion in 2021 and my forecast is $10.4 billion in 2022 if WTI oil averages $80/bbl next year.

EOG is the largest company in the Sweet 16.