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EOG Resources Incorporated

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EOG Resources' large portfolio of high-return projects and strong technical competence are its key long-term drivers. In particular, the company’s premium inventory in almost 2,000 Eagle Ford locations represent years of high-return drilling. To survive in this low commodity price environment, EOG has focused on reducing operational costs while achieving a strong return on capital invested. The energy explorer's recent deal to buy privately held Yates Petroleum for $2.5 billion will add more quality acreage in the Delaware and Powder River basins - some of the best resource plays in the country. Nonetheless, while being incrementally more positive on EOG, we expect the shares to remain soft until commodity prices recover sufficiently.

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