Is EOG a good stock to buy?
We came across a bullish thesis on EOG Resources, Inc. on X.com by @MoneyShow
In this article, we will summarize the bulls’ thesis on EOG. EOG Resources, Inc.’s share was trading at $140.15 as of June 8th. EOG’s trailing and forward P/E were 13.55 and 7.89 respectively according to Yahoo Finance.
EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States and internationally. EOG is positioned as one of the strongest beneficiaries of a higher oil price environment, with its low-cost, high-efficiency production model enabling disproportionate cash flow expansion as crude prices rise. 15 AI Stocks That Are Quietly Making Investors Rich Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential The company’s investment case is strengthened by a macro backdrop in which geopolitical tensions, including Iran conflict, have driven Brent crude higher, with oil prices rising 47 percent and moving above the $100 per barrel level. In such an environment, analysts estimate that U.S. producers collectively could see a $63 billion cash-flow windfall, but the distribution of this upside is uneven across the sector.