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Search resuls for: "EOG Resources"


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☆ Outperforming asset manager picks the stocks set to win as margins get squeezed
  + stars: | 2022-11-25 | by ( Zavier Ong | ) www.cnbc.com   time to read: +3 min
"Consumers are going to have their purse strings pulled by utility bills, higher mortgage costs, higher petrol prices, and there's going to be margin squeeze." He said wage pressure and higher commodity prices were particularly challenging and could eat into companies' margins. Luxury Luxury stocks are another favorite for Armstrong. Moreover, the "massive" profit margins of luxury companies are also insulated from increases in input prices, he added. Within the space, Armstrong's fund owns French luxury goods companies LVMH and Hermes , given their "defendable margins" and the ability to be price setters.
☆ EOG Resources responds to fire at Loving County, Texas, drilling site
  + stars: | 2022-11-23 | by ( ) www.reuters.com   time to read: 1 min
Nov 23 (Reuters) - U.S. shale operator EOG Resources (EOG.N) on Wednesday said it was responding to a fire at a drilling site in Loving County, Texas, that occurred on Tuesday evening. EOG said one person sustained non-life threatening injuries due to the fire. The company said the immediate area around the site was secure and that it was "working with its contractors and local authorities to extinguish the fire and further secure the well." Reporting by Liz Hampton in DenverOur Standards: The Thomson Reuters Trust Principles.
☆ These are the energy stocks Josh Brown and Joe Terranova like through the end of 2022
  + stars: | 2022-11-21 | by ( Michelle Fox | ) www.cnbc.com   time to read: +1 min
The bull market in energy is still going strong and any dips are an opportunity to buy, according to Ritholtz Wealth Management CEO Josh Brown. The Energy Select Sector SPDR Fund also regained some of its earlier losses but was still down more than 1%. Joe Terranova, a senior managing director for Virtus Investment Partners, is also bullish on energy. "These are all the companies that I believe rightfully belong in a diversified energy basket," Terranova said on " Halftime Report ." Brown likes the iShares U.S. Oil & Gas Exploration & Production exchange-traded fund, as well as Cheniere Energy , Southwest Gas and Nextera Energy.
☆ Shale oil producer Coterra trims reserves estimates, shares sink
  + stars: | 2022-11-04 | by ( Liz Hampton | ) www.reuters.com   time to read: +2 min
Companies Coterra Energy Inc FollowNov 4 (Reuters) - Shares of shale oil and gas producer Coterra Energy fell as much as 8% on Friday after the company cut its estimate of proven oil reserves, a key measure of future production growth. Coterra, which formed a year ago through the merger of Cimarex Energy and Cabot Oil & Gas, said proved reserves on its books will drop roughly 15% to 20% year-over-year at December 31, 2022. The decline was driven by a roughly 32% to 36% decline to gas reserves in its Marcellus shale properties in the Eastern United States that came with the Cabot acquisition. Rival U.S. shale oil producer EOG Resources said oilfield costs could increase by 10% next year, on top of a 7% increase in 2022, as inflation continues to snarl the energy industry. EOG, which this week announced it had extended operations into Ohio, said it will maintain low single-digit oil production growth next year.
☆ This week's best performers include Boeing and a casino stock expected to rise another 20%
  + stars: | 2022-11-04 | by ( Michelle Fox | ) www.cnbc.com   time to read: +2 min
Some of the biggest winners amid the volatile stock market action this week include a health-care name that is being bought, two casino names and Boeing. The next biggest winner was Wynn Resorts , which rallied almost 20% so far this week. Analysts also see the stock gaining another 20%, based on the average price target. Boeing has nearly 20% upside to the average analyst price target, according to FactSet. The stock has 4% upside to the average analyst price target, according to FactSet.
☆ Stocks shrug off tech's troubles as the Street awaits key inflation data next week
  + stars: | 2022-10-28 | by ( Zev Fima | ) www.cnbc.com   time to read: +9 min
The major indexes all posted gains this week despite a Big Tech beatdown, proving the market can rally without its most valuable stocks. Indeed strength in other sectors — only communication services finished down — helped the overall market to shrug off disappointing earnings results from Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN) and Meta Platforms (META). Alphabet's results fell short of the Street's expectations, but still managed to grow revenue 6% annually off a $65 billion base. (Canada's central bank hiked rates less than expected this week, opting for a 50 basis point hike instead of the expected 75.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
☆ These are Goldman's favorite long-term buys in the energy sector
  + stars: | 2022-10-27 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +3 min
Even though the energy sector has sharply outperformed the broader market this year, there are still pockets of opportunity for investors looking for long-term buys, according to Goldman Sachs. Favorite long-term energy buys Every stock on Goldman's list is buy rated, including EOG Resources , which the firm recently upgraded to due to improving capital, upside from new plays and strong capital efficiency and execution. "We see 18% total return to our 12-month price target to EOG." Suncorcar has been an underperformer but offers an 18% upside to Goldman's 12-month price target. "We also see a series of catalysts that can improve sentiment including clarity on CEO, strong refining margins, protection from Western Canadian crudes and ongoing returns of capital," Mehta wrote.
☆ Goldman says this options strategy around earnings is returning 13%. How to play it next
  + stars: | 2022-10-26 | by ( Jesse Pound | ) www.cnbc.com   time to read: +2 min
The earnings season has been slightly better-than-expected so far, and that has created a winning trend for options traders, according to Goldman Sachs. "Buying calls ahead of earnings for the average US stock with liquid options has returned +13% return on premium QTD. A call option is a bet that a stock will rise above a pre-set strike price before its expiration date. Goldman identified upcoming earnings reports where the price of options looks cheap. "Looking ahead, we recommend buying calls or replacing stock positions with call options on stocks reporting earnings, as the broad decline in options prices has made volatility buying strategies attractive," Vivek wrote.
☆ Final Trades: Raytheon Technologies, EOG Resources, L3harris Technologies & more
  + stars: | 2022-10-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Raytheon Technologies, EOG Resources, L3harris Technologies & moreThe "Halftime Report" traders give their top picks to watch for the second half.
☆ U.S. shale producer EOG pays $847 mln to settle third-quarter hedges
  + stars: | 2022-10-11 | by ( ) www.reuters.com   time to read: +1 min
Oct 11 (Reuters) - Shale oil and gas producer EOG Resources Inc (EOG.N) paid $847 million during the third quarter to settle wrong-way bets on energy prices, the company said in a regulatory filing on Tuesday. Russia's invasion of Ukraine sent energy prices soaring since February, although they cooled off from decade highs towards the end of September. U.S. crude oil averaged roughly $91.65 a barrel in the third quarter ended Sept. 30, below the $108 average in the second quarter. To protect themselves from volatility, oil and gas producers often enter 'hedging contracts' which guarantee sales at a fixed price in the future. Producers who lock in sales at lower prices or purchases at higher than current prices, lose to settle the differences.
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