EOG Resources Inc has the ability to post strong returns with oil prices around $40 a barrel, and would post triple-digit returns should prices spike to $60, Chairman and Chief Executive Bill Thomas told investors on Friday.
Houston-based EOG, considered one of the most efficient U.S. drillers, has a $15-$20 per barrel cost advantage over the rest of the industry, which needs a "sustained $60-$65 oil price and 12 months of lead time" to deliver modest growth, Thomas said on a call to discuss first quarter results.Note: this is not an investment site. Do not make any investment, financial, travel, or relationship decisions based on what you read here or what you think you may have read here. However, the reviews and comments on fast-food restaurants may be of limited help in deciding where to have lunch today.
And with that, I'm off the net for awhile. Lots of soccer today. Have a great weekend.
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From a Texan (?) working for The New York Times: what makes Texas Texas?
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