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EOG - Revisit Promising Oasis Petroleum After Its Merger
EOG Resources Inc.
Oasis Petroleum is a $3.5 billion market cap company producing 70,000 BOE/D in 1Q22. It pays a 1.3% fixed dividend but currently a total 3.0% fixed-plus-variable dividend.
Bakken-focused Oasis expects to complete a $6 billion merger of equals with fellow Bakken producer Whiting Petroleum in 3Q22.
Oil and gas prices look very constructive for the remainder of 2022.