follow us like us subscribe contact us
Loading, please wait

Choosing the Right Oil Company to Own in 2013

By Editorial Dept | Mon, 18 February 2013 18:13 | 0

I have been making the point about crude oil production and capex absolutely CONTROLLING the energy space right now and through 2013 and this week’s entry is perfect to point that out again through the released quarterly reports of EOG Resources (EOG) and Pioneer Natural Resources (PXD). 

The action in both of these stocks in the market recently have been an oil investors’ study --- 2013 is all about crude production and capex for that production. 

Where are you getting your crude?   How much is it costing you to develop?  How much will it continue to cost you? When those numbers add up and the results tell a tale of efficiency and growth, you’ve got a stock that you can confidently hold.

Look hard at what I mean in EOG, a recommendation of mine that’s just been tearing it up in the last six months:

There was another beat in the 4th quarter, but that’s hardly what interested me in their report.  It is their continuing stellar production numbers and continuing guidance for their operations in the Eagle Ford, which is turning into the most compelling play for US crude independence, even outstripping the Bakken – and EOG has a major stake there. Production is guided at increasing 28% in 2013 and the initial production numbers confirm that Eagle Ford continues to hit high percentages of long-producing assets.  EOG will tighten spacing and add 400 wells – showing why Eagle…

To read the rest of this article Start a FREE subscription to our premium publication

Oil & Energy Insider - 30 day Free trial

30 day Free trial
A FREE Subscription Includes:
  • Investment advice normally reserved for hedge fund clients.
  • Market & sector research not available anywhere else.
  • Strategic advice from corporate & military intelligence analysts.
  • 9 Weekly Investment / intelligence reports.
  • Full access to all previous reports.
  • 30 days free trial.
Get FREE access to our research for 30 days

An essential resource for all investors in the energy sector whether you're a trader, fund manager or individual investor - this inside look at the energy markets is unlike any other report or service currently available.

About the author

More recent articles by Editorial Dept

Fri 25 July 2014
One Bright Spot In Utilities
Fri 25 July 2014
The Shale Revolutions Next Winner: The Permian Basin
Fri 25 July 2014
Global Energy Advisory July 25th 2014
Fri 25 July 2014
Are we About to See a Buying Opportunity in Oil
Fri 18 July 2014
Too Many Coincidences