EOG Resources (EOG) is a Texas-based large cap independent explorer and producer of oil and natural gas. While it has a smattering of international interests, including in Argentina and Trinidad & Tobago, its main focus is on the United States.
So why would it have an interest in Mexico?
One of its large projects is in the Eagle Ford Shale region of southern Texas. This area straddles the Texas/Mexico border. The Eagle Ford Shale doesn’t actually know the boundary so there will be opportunities on the Mexico side. Many oil analysts consider EOG to be the best situated to take advantage.
- Zacks Rank #3 (Hold)
- Forward P/E = 18.4
- 2014 Expected Earnings Growth = 12.7%