Over at SeekingAlpha, Bret Jensen is reporting:
- EOG Resources, the biggest leaseholder in the Eagle Ford shale formation, has sold off ~$10 a share or 10% on the recent decline in energy prices.
- This stock is never "cheap" but the pullback is a good entry point to start accumulating some shares of this premier E&P concern.
- The company has had an impressive history of production growth, possesses a deep drilling inventory and a growing percentage of production coming from oil & liquids.
Remember: Seeking Alpha is starting to take down some articles after awhile requiring a subscription to access. If you are interested in these stories, best to look at them sooner than later.
And as long as I'm doing this, I might as well add the SandRidge earnings link from another analyst that Don sent me. Link here.
- The company beat 2Q consensus on the bottom line, but missed on the top line.
- We’re still unimpressed with what SandRidge has accomplished over the past year or so - noting that debt remains elevated.
- We didn’t expect the recent beat, but note that the company still expects full year 2014 to be below previous expectations.
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