EOG - EOG Resources: Pumping Income From Oil With A Natural Gas Kicker
- EOG is a well-known U.S. shale oil driller that pays shareholders both a regular "base" quarterly dividend and occasional "special" dividends (two totaling $3/share in FY2021).
- In Q1 this year, EOG paid a $1/share special dividend. Given the current strip, EOG could very easily pay out ~$7-$8/share (or more) in total dividends this year.
- The company has over 10,000 potential "premium" drilling locations and is considered to be one of the most technically proficient drillers in the shale patch.
- Meantime, EOG's large dry-gas discovery in South Texas, called Dorado, will likely be an excellent low-cost resource for a world that badly needs more natural gas.
For further details see:
EOG Resources: Pumping Income From Oil With A Natural Gas Kicker