Re-posting:
US shale swings from losses to record cash flows: previously posted, link to Tsvetana Paraskova.
Fitzsimmons on EOG, link here:
- 1Q22
- "gushing FCF"
- a new "60% return" commitment
- EOG announced its Q1 EPS report Friday and delivered a whopping $2.4 billion in free cash flow.
- The company also announced a $1.80/share special dividend and a commitment to return 60% of FCF to shareholders on an annual basis.
- Meantime, the stellar balance sheet has a net-debt to capital ratio of only 4.8%.
- EOG's forward P/E is only 8.4x. Add it all up and you arguably have a best-of-breed shale operator still trading at a very reasonable price.
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