XLE - Undervalued And Underappreciated: Why EOG Resources Could Surge 40%
2024-06-13 14:48:32 ET
Summary
- EOG Resources, Inc. has consistently outperformed the Select Sector Energy ETF since its separation from Enron in 1999.
- Despite recent declines in stock price due to OPEC decisions, EOG remains a strong investment with a diverse multi-basin portfolio.
- With oil prices recovering and favorable trading conditions, EOG's operations and potential for growth make it a compelling investment opportunity.
Introduction
Seeking Alpha isn't just the name of this website, but also what most people who do not buy simple market-tracking exchange-traded funds, or ETFs, should be doing.
After all, as I decided to invest in single stocks instead of ETFs, I will have to beat the market over time to justify the time and energy I put into finding good investments - and the risks I'm taking.
Luckily, there are some fantastic companies on the market to get the job done.
Among them is EOG Resources, Inc. ( EOG ) , one of America's original unconventional oil and gas producers....
Undervalued And Underappreciated: Why EOG Resources Could Surge 40%