Cara Community Oilers: EOG Resources

EOG Resources (NYSE: EOG) reviewed 10-15-2020

Market Cap: $22.17 Billion (USD)              Share Price: $38.08 (USD)            Ex-Div: Oct 15

Stock chart:

Shares outstanding: 582,386,619

Cash & cash equivalents: $2.416 Billion (USD) at 30 Jun 2020

Debt: $5.7 Billion (USD) at 30 Jun 2020

Insiders: Low                      Institutional: 1262 hold approx. 89% of the float


Investor presentation:

CEO: Bill Thomas              HQs: Houston, TX

EOG Resources is a diverse energy producer with operations in the Permian Basin, Eagle Ford, DJ Basin, Anadarko, Upper Gulf Coast, Williston, and Powder River basins, in the US. Has a 500 Billion cf (Net) natural gas discovery in Trinidad & Tobago

The company was named Enron Oil & Gas Company before its separation from Enron in 1999

EOG Resources suffered an approx. 33 MBOPD shut-in in Q2 2020 with an average realized oil price of only $20.40 per barrel

The company expects $40 bbl oil in Q3 and Q4 and maintains that it is profitable at that price

2020 production is expected to come in at 730-765 thousand barrels of oil equivalent per day

Reported a loss (GAAP) of ($1.57) per share on revenues of $1.1 Billion, down 76% year-over-year, and lower oil production of 623.4 thousand barrels per day

Bottom Line:

  • Shares are down 44.8% year over year; however, investors like the Earnings Growth Rate of +10.3% in the past 5 years vs. +0.4% for the industry. Nest 5 years +8.4% EGR is expected
  • Strong fundamentals

No position, but will definitely consider it in 2021 if and when vaccines and therapies begin to soften the pandemic impact including the energy demand destruction of 2020

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