Seeking Alpha commentary suggests recent drop in EOG's share price presents an opportunity; the analyst remains bullish on EOG, sticking with a $120 target.
Some time ago I opined I was ambivalent about EOG due to its heavy exposure to natural gas. I said that I would consider EOG if its share price dropped to $88 and would become very bullish on EOG if natural gas rose above $5.00. I said that when natural was significantly under $4.00. Natural gas is now above $4.50, and all indications are that it will be a very cold winter.
Just saying.
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