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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (42212)	7/14/2011 5:11:41 PM
From: Paul Senior	Read Replies (1) of 78659

EOG: I've begun now adding to my losing position in this large independent e&p. It's focus has shifted to oil. I decided I quite like that it's a large independent with correspondingly large positions in shale plays that I favor-- Eagle Ford, North Dakota Bakken, Niobrara. EOG is the biggest oil producer in these areas. And it's also in other shale plays - Horn River, Wapiti Cardium, et. al. eogresources.com 6/11 presentation.: eogresources.com I'd say that if it's possible to have a conservative bet on horizontal shale, and if a person wanted to make maybe just one set-and-wait bet and not get caught up in the many shale plays and shale e&p companies, then EOG would be the company to consider. Maybe EOG won't be the best stock performer, but with EOG's large and diversified shale positions and current and planned production operations, the stock may be a likely bet to do okay. Getting a proper purchase price is an important part. And here I could be very wrong with EOG, as I seem to be given my losing position.

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