By almost every metric, EOG Resources (NYSE: EOG) is having an exceptional year. Its oil production has exceeded expectations, which enabled the company to boost its growth rate. Meanwhile, costs have come down, allowing it to generate a gusher of free cash flow even though oil prices have been all over the place. Finally, it has uncovered even more low-cost oil, which gives it more fuel to grow in the coming years.
The energy company's successes this year, especially on the cost side, have it in an excellent position as we head into 2020. That was one of the key themes on its third-quarter conference call, where its management team laid out six reasons it believes the company will continue thriving in 2020.
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