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EOG Resources Incorporated

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EOG Resources Inc.'s large portfolio of high-return projects and strong technical competence are its key long-term drivers. The company’s confidence level in the Eagle Ford remains high. Even with the implementation of tighter well spacing last year, individual well performance remains outstanding. Also the company’s financial strength and robust asset portfolio allow it to weather any near term macro weaknesses. Moreover, with crude advancing 90% from their 12-year lows reached in Feb, the company is well-positioned to ride the recovery. Consequently, we think EOG Resources offers substantial upside potential from the current price levels and view it as an attractive investment.

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