EOG - EOG Resources: A Very Solid Energy Company That Will Pay You To Wait
- EOG Resources focuses on drilling wells in very high quality regions in four different nations.
- The company has been focused heavily on cutting costs this year and this will likely lead to a production decline.
- The company is able to generate strong returns at $40/bbl oil and is one of the few that actually had a positive FCF in Q2 2020.
- The company has one of the strongest balance sheets in the industry and a very high coverage of its nearly 4% dividend.
- EOG is a very good energy pick for investors to ride out the turbulence and get paid for doing so.
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EOG Resources: A Very Solid Energy Company That Will Pay You To Wait