When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
PXD - EOG Resources: Significantly Undervalued Due To Expected Rebound In Production And Oil Prices In Q3 And Q4
Pioneer Natural Resources Company
EOG Resources (EOG) announced a net loss of $1.57/share in the second quarter - the first negative print I can remember - as Covid-19-driven oil demand destruction hit even the best of the shale oil producers.
Due to the combination of shut-in production (~75,000 boe/d) and a low realized oil price (~$20/bbl), revenue fell off a cliff and was less than 25% of the prior year quarter: