Topic: How To Invest

Pat: Could you give me your opinion of EOG Resources please? Thanks.

Article Excerpt

EOG Resources, $104.02, symbol EOG on New York (Shares outstanding: 254.5 million; Market cap: $27.7 billion; www.eogresources.com), is a Houston-based explorer, developer, producer and marketer of oil and gas, primarily in the U.S., Canada, and off the coast of Trinidad. EOG is well positioned to gain in the fastest-growing unconventional shale-gas and shale-oil areas in the U.S. That includes oil from the Bakken formation, the Eagle Ford Shale and the Barnett Shale, and natural gas from the Horn River region, the Marcellus Shale and the Barnett shale. (Shale gas and oil is trapped in rock formations. To extract it, companies must pump water and chemicals into the rock. This fractures the rock and releases the oil or gas.) In the three months ended March 31, 2011, EOG earned $134.0 million, or $0.52 a share. That’s up 13.6% from $118.0 million or $0.46 a share a year earlier. EOG increased production by 14.1%, to an average of 409,100 barrels of oil equivalent (including…