EOG one of Credit Suisse Top Ten
Posted: Tue Jan 14, 2014 9:59 am
EOG Resources Inc. (EOG) is a top energy name added for 2014. The company is fueling record oil and natural gas production that is revolutionizing the U.S. energy position. The company's position in the three biggest tight oil plays makes it a huge player in the exploration and production field. EOG Resources would be a huge acquisition for even the biggest of big oil companies. That said, there is a lot to like about EOG as it is the top producer in the Eagle Ford Shale and it has solid positions in both the Bakken and Permian Basin. Investors are paid a tiny 0.5% dividend. The Credit Suisse price target for the stock is posted at $210, and the consensus figure is $195. Shares closed Monday at $163.46. [My Fair Value Estimate for EOG is $215/share. - dan]
They also like one of the midstream companies on our MLP Watch List
Energy Transfer Equity L.P. (ETE) is a top MLP name for 2014 at Credit Suisse. The company announced a $1 billion stock buyback program in late December. This is significant for investors as the company is buying back stock despite an outstanding 2013, which saw the stock move considerably higher. Investors are paid a 3.3% distribution. The Credit Suisse price target is $90, while the consensus figure is at $91.50. The stock closed Monday at $82.86
They also like one of the midstream companies on our MLP Watch List
Energy Transfer Equity L.P. (ETE) is a top MLP name for 2014 at Credit Suisse. The company announced a $1 billion stock buyback program in late December. This is significant for investors as the company is buying back stock despite an outstanding 2013, which saw the stock move considerably higher. Investors are paid a 3.3% distribution. The Credit Suisse price target is $90, while the consensus figure is at $91.50. The stock closed Monday at $82.86