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EOG - EOG Resources: Dividends Buybacks And A Low Multiple To Free Cash Flow
EOG Resources Inc.
EOG Resources is an E&P for crude oil, natural gas liquids (''NGLs''), and natural gas.
EOG projects that if WTI prices average around $80 for the year, EOG will make $6.4 billion of free cash flows.
Given its strong balance sheet that is in a net-neutral position, this will allow EOG to return excess cash to shareholders via dividends and buybacks.
Paying less than 11x free cash flow is a rewarding entry point.