EOG WOW WOW WOW

I once told someone I missed buying EOG the first time around, but if EOG (share price) ever got back to $88 I would consider buying a few shares.

EOG is now below $90 and could hit $88, down from a high of around $114.  Exciting?

I assume the downward pressure on EOG is due to the same reason all other E&P companies are down today: a) continued pessimistic economic reports -- the recession continues; and, b) the strength of the dollar.

However, EOG has another pressure: its exposure to natural gas, which continues to fall in price. It should be noted that in the last earnings call:

For the first time in EOG's history, during the second quarter total revenues generated from crude oil, condensate and natural gas liquids production exceeded those from natural gas," Mark Papa, EOG's Chief Executive Officer, said in a statement.

But now this: could parts of EOG, or even EOG itself be a buyout candidate?  (If the link is broken, google EOG, India, Reliance.)

In original post, I also forgot to link this article: top ten oversold stocks.


Wow, wow, wow.