Image: EOG rig from EOG Resources
Investment Thesis
The Houston-based EOG Resources (EOG) is one of the top-tier US shale players that I regularly cover on Seeking Alpha.
I like EOG because of its pragmatic management that has followed a rigorous strategy over the years that resulted in steady growth.
EOG Resources presents a rock-solid balance sheet with substantial growth potential. It makes the stock an excellent long-term candidate, especially after nearly a 20% drop since January, despite what I consider stellar results realized in a weak oil and gas price environment.
However,