Got EOG? Maybe Not For Long -- Takeover Talk? The Bakken Just Got Very Exciting. Again.

Link here to Bloomberg.

EOG Resources Inc., the U.S. crude oil producer that’s rallied more than any peer in the past six months, offers the biggest energy companies the chance to expand in one of the world’s fastest-growing markets.

Even after surging 32 percent since July, EOG trades at a below-average multiple of enterprise value to both production and profit, according to data compiled by Bloomberg. With Chief Executive Officer Mark Papa retiring in June, a takeover of the $34 billion company is more possible, Royal Bank of Canada said. 

EOG has exceeded analysts’ earnings projections for eight straight quarters, and in November forecast 2012 production growth of 10.6 percent, almost double the rate it estimated in February. The company has some of the best acreage in North America’s two top shale formations, the Bakken and Eagle Ford....

Most likely suitor: Chevron.

Other possibility: Statoil.

Sounds like a new poll is in store.

It should be noted that EOG has a market cap of about $35 billion; CLR has a market cap of about $15 billion. Looking at "Key Statistics" this would be easy for CVX from financial point of view (superficial look at the cash on hand, operating cash flow); more of a bite for STO (ASA).