{"id":17864,"date":"2023-06-03T23:32:43","date_gmt":"2023-06-04T03:32:43","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/eogs-future-looks-bright-nyseeog\/"},"modified":"2023-06-03T23:32:45","modified_gmt":"2023-06-04T03:32:45","slug":"eogs-future-looks-bright-nyseeog","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=17864","title":{"rendered":"EOG&#8217;s Future Looks Bright (NYSE:EOG)"},"content":{"rendered":"<div data-test-id=\"content-container\">\n<p><figure class=\"getty-figure\" data-type=\"getty-image\"><picture>  <\/picture><figcaption> <\/figcaption><\/figure>\n<\/p>\n<h2><span>Introduction<\/span><\/h2>\n<p>Oil is in a tough spot. Economic growth fears are hurting cyclical commodities while pushing money into technology and growth stocks.<\/p>\n<p>While oil stocks aren&#8217;t a fun place to be, I&#8217;m a buyer again, boosting my<span class=\"paywall-full-content invisible\"> stake in preparation for the next inflation wave. In this article, we&#8217;ll discuss one of the best drillers on the market.<\/span><\/p>\n<p class=\"paywall-full-content invisible\">Houston-based <strong>EOG Resources (<span class=\"ticker-hover-wrapper\">NYSE:EOG<\/span>)<\/strong> has it all. The company produces both oil and natural gas. It has a deep, high-quality inventory, efficient operations, and a management team eager to let shareholders benefit from its success through regular and special dividends.<\/p>\n<p class=\"paywall-full-content invisible\">Now, the company is becoming more cautious and deferring certain projects. I believe we&#8217;ll see a lot more of this, which is set to hurt supply growth even more.<\/p>\n<p class=\"paywall-full-content invisible\">The moment economic growth bottoms, I expect oil to<span class=\"paywall-full-content invisible no-summary-bullets\"> reach triple-digit dollar territory, causing EOG to boost its dividend, outperform its peers, and start a meaningful long-term uptrend.<\/span><\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Now, let&#8217;s dive into the details!<\/p>\n<h2 class=\"paywall-full-content invisible no-summary-bullets\">What Happened To Oil?<\/h2>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Oil prices aren&#8217;t falling off a cliff. However, prices have come down in recent months. NYMEX WTI is currently trading in the low $70s range, which is down from the low $80s range in prior months.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"regular-img-figure\" contenteditable=\"false\"><span><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/31557165-1685781412440875.png\" alt=\"Image\" contenteditable=\"true\" loading=\"lazy\"><\/span><figcaption>\n<p class=\"item-caption\"><span>TradingView (NYMEX WTI)<\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">As reported by the Wall Street Journal, oil traders are continuing to bet on falling oil prices despite efforts by producing countries to boost them. Prices have been on a downward trend since October when the Organization of the Petroleum Exporting Countries (&#8220;OPEC&#8221;) and its allies, known as OPEC+, announced production cuts of 2 million barrels per day, as displayed in the chart below.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"regular-img-figure\" contenteditable=\"false\"><span><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/31557165-1685781543595988.png\" alt=\"Image\" contenteditable=\"true\" loading=\"lazy\"><\/span><figcaption>\n<p class=\"item-caption\"><span>Bloomberg<\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Additional cuts by Russia and voluntary reductions by eight OPEC+ members have failed to halt the slide.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Brent crude oil futures, the international benchmark (even more important than WTI), have dropped about 20% since the October cuts. This is below the estimated $81 per barrel that Saudi Arabia, the de facto leader of OPEC, needs to balance its budget.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">This is a very important thing to keep in mind, as this will almost certainly lead to more efforts to support the price of oil.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Several factors have contributed to the decline in prices, including:<\/p>\n<ul class=\"paywall-full-content invisible no-summary-bullets\">\n<li>increased petroleum production from non-OPEC+ countries,<\/li>\n<li>concerns about an economic slowdown, and<\/li>\n<li>Russia&#8217;s robust oil exports despite Western sanctions.<\/li>\n<\/ul>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Bullish analysts have repeatedly revised their forecasts downward, and bullish traders have faced losses.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Also, looking at positioning, we see that money managers have reduced their net positions to the lowest levels in more than five years. However, they continue to be net long, which I do not expect to change, given stronger-than-average oil fundamentals &#8211; at least on the supply side.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"regular-img-figure\" contenteditable=\"false\"><picture> <img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/saupload_COT_000035.png\" alt=\"Image\" contenteditable=\"true\" loading=\"lazy\"> <\/picture><figcaption>\n<p class=\"item-caption\"><span>CME Group<\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">When it comes to the supply side, the WSJ makes the case that OPEC+ members may be more inclined to support prices with steeper cuts than in the past as market share concerns have diminished.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Non-OPEC+ production growth is unlikely to repeat this year&#8217;s surge, and US shale oil producers are no longer rapidly responding to price increases.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">That&#8217;s where EOG Resources comes in.<\/p>\n<h2 class=\"paywall-full-content invisible no-summary-bullets\">Why I&#8217;m Betting On A Bright Future For EOG Resources<\/h2>\n<p class=\"paywall-full-content invisible no-summary-bullets\">EOG Resources is one of the world&#8217;s largest onshore oil and gas producers, with a market cap of roughly $65.5 billion.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Headquartered in Houston, Texas, the company has major productions in the United States and minor exposure in Trinidad and Tobago.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"regular-img-figure\" contenteditable=\"false\"><picture> <img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/saupload_EOG-Areas-Operation-f2fc9b2d6dac9edb262e6e521e7a1309_thumb1.png\" alt=\"areas of operation\" contenteditable=\"true\" loading=\"lazy\"> <\/picture><figcaption>\n<p class=\"item-caption\"><span>EOG Resources<\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Going into this year, the company had more than 4.2 billion barrels of oil equivalent in reserves.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">This year, the company aims to produce 986 thousand barrels of oil equivalent per day, an increase of 9% versus 2022. Roughly half of that (474 thousand barrels) consists of oil, which gives the company a good oil and gas mix.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"regular-img-figure\" contenteditable=\"false\"><span><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/31557165-1682953466616215.png\" alt=\"Image\" contenteditable=\"true\" loading=\"lazy\"><\/span><figcaption>\n<p class=\"item-caption\"><span>EOG Resources<\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">These numbers indicate that EOG has at least 12 years&#8217; worth of high-quality reserves, which excludes new discoveries.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Needless to say, EOG is consistently increasing its reserves. For example, EOG has learned from its extensive experience in unconventional resource plays across North America. Through trial and error and data collection, the company has identified mechanical units in the reservoir, which help optimize drilling and completion operations.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Additionally, EOG benefits from its multi-basin portfolio, allowing the company to utilize data from different basins and geologic environments to enhance its understanding and modeling of various plays.<\/p>\n<h3 class=\"paywall-full-content invisible no-summary-bullets\">EOG Resources Adjusts To A Changing Environment<\/h3>\n<p class=\"paywall-full-content invisible no-summary-bullets\">In the latest Bernstein Strategic Decisions Conference, the company elaborated on its outlook.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">The company mentioned the global trend of inventory levels declining, China&#8217;s strong oil demand, and the anticipation of an under-supplied market in the back half of the year.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Furthermore, EOG discussed the impact of Russia&#8217;s oil production and the recent decline in rig count, both in oil and gas.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">These rig count comments are important, as we&#8217;re now dealing with the steepest decline in the rig count since 2021. Especially the natural gas rig count has fallen off a cliff. Over the past 12 months, the natural gas rig count has fallen 9%. The entire decline came after the April peak.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"sa-widget sa-ycharts\"><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/saupload_11b4ed303500aa8a44662ed2d59b1a3c.png\" alt=\"Chart\" width=\"635\" height=\"366\" class=\"sa-ycharts-img\" data-width=\"635\" data-height=\"366\" loading=\"lazy\"><figcaption>Data by YCharts<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">EOG Resources is among the companies that have become more cautious. During the aforementioned conference, the company explained that it is evaluating options to defer certain gas-focused projects until the market is more in balance.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">The company&#8217;s capital allocation decisions are primarily driven by the ability of each asset to absorb investment while improving year-over-year financial and development costs.<\/p>\n<h3 class=\"paywall-full-content invisible no-summary-bullets\">EOG Is A Great Place For Shareholders<\/h3>\n<p class=\"paywall-full-content invisible no-summary-bullets\">On top of deep inventory, the company is a great source of dividends, supported by efficient operations.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Earlier in this article, I mentioned that EOG aims to hike full-year production (versus 2022). This is expected despite 13% to 14% inflationary pressures, as the company believes it can offset a big portion of this through efficiency gains.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Looking at the numbers below, the company only requires a $42 oil price to generate a 10% return on capital. That number used to be $86 per barrel.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"regular-img-figure\" contenteditable=\"false\"><span><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/31557165-16857843136156654.png\" alt=\"Image\" contenteditable=\"true\" loading=\"lazy\"><\/span><figcaption>\n<p class=\"item-caption\"><span>EOG Resources<\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Over the past eight years, the company has lowered finding and development costs per barrel from $12.93 to $5.13. Operating costs, excluding taxes and interest, have dropped from $32.66 to $22.59.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Not only that, thanks to higher oil prices and more efficient operations, EOG has reduced its debt. In 2017, EOG had $5.6 billion in net debt. In 1Q23, that number had dropped to $1.2 billion in net cash, meaning the company has more cash than gross debt. Now, the company has a negative leverage ratio, which sets it apart from most of its peers.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Its liquidity alone is close to 8% of its market cap.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">In other words, EOG is much healthier than it was in the past, which is helpful because of (at least) two reasons.<\/p>\n<ol class=\"paywall-full-content invisible no-summary-bullets\">\n<li>The company is better protected against oil price declines. While it will remain a volatile energy play, it is unlikely to suffer the way it did during downswings in the past.<\/li>\n<li>The company can now focus on shareholder distributions instead of debt reduction.<\/li>\n<\/ol>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Thanks to its healthy balance sheet and efficient operations, the company aims to distribute at least 60% of its free cash flow to shareholders.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"regular-img-figure\" contenteditable=\"false\"><span><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/31557165-16857850974403145.png\" alt=\"Image\" contenteditable=\"true\" loading=\"lazy\"><\/span><figcaption>\n<p class=\"item-caption\"><span>EOG Resources<\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">If WTI were to average $80 this year, the company could generate $5.5 billion in free cash flow, which indicates a free cash flow yield of almost 9%.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">So far, the company has committed $2.8 billion to distributions. $300 million of this consists of buybacks. The company has almost $5.0 billion remaining for opportunistic buybacks. In 1Q23, the company used banking woes to repurchase shares, as it believed that the decline in equity values was unwarranted. Given my view on oil, I agree with that and applaud the company&#8217;s method of opportunistic buybacks.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">With regard to the company&#8217;s dividend, a big portion of its payout is its regular dividend, which has never been suspended or cut, despite various nasty oil downswings since 1999.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">The regular dividend is based on breakeven considerations, inventory levels, exploration assets, and ongoing efforts to lower breakeven prices.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">While the base dividend has grown quite rapidly in recent years, EOG Resources aims to avoid letting the regular dividend exceed its financial capacity.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">The company currently offers a competitive regular dividend that sits at approximately 3.0% yield, which they consider manageable and compelling compared to the broader market.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"regular-img-figure\" contenteditable=\"false\"><span><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/31557165-16857860144064834.png\" alt=\"Image\" contenteditable=\"true\" loading=\"lazy\"><\/span><figcaption>\n<p class=\"item-caption\"><span>EOG Resources<\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">EOG aims to strike a balance between providing returns to shareholders and maintaining financial stability throughout industry cycles.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">I agree with this strategy. The base dividend is what shareholders can rely on. The special dividend is used to get rid of excess cash without having to hike the base dividend to uncomfortable levels.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">In February, the company announced a $1.0 special dividend on top of its regular $0.825 per share per quarter dividend. This translates to an annualized dividend yield of 6.5%.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">With that said, EOG is also outperforming its peers, albeit by a slim margin. Over the past three years, EOG has returned 142%, which is 200 basis points above the SPDR Oil &amp; Gas ETF (XOP).<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"sa-widget sa-ycharts\"><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/saupload_e629610d428c7cc9c8f0e4273b583b44.png\" alt=\"Chart\" width=\"635\" height=\"366\" class=\"sa-ycharts-img\" data-width=\"635\" data-height=\"366\" loading=\"lazy\"><figcaption>Data by YCharts<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Over the past ten years, EOG has outperformed its peers by a much wider margin.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"sa-widget sa-ycharts\"><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/saupload_4a09abd200f46af71172ef2cf6aeed0b.png\" alt=\"Chart\" width=\"635\" height=\"366\" class=\"sa-ycharts-img\" data-width=\"635\" data-height=\"366\" loading=\"lazy\"><figcaption>Data by YCharts<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Based on everything so far, I expect EOG to outperform its peers.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">I also expect EOG shares to bottom above $100 per share. While I&#8217;m not yet expecting an oil breakout, I expect oil equities to outperform the market for many more years to come based on favorable supply and demand fundamentals.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"regular-img-figure\" contenteditable=\"false\"><picture> <img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/saupload_EOGm055962462i.png\" alt=\"Finviz Chart\" contenteditable=\"true\" loading=\"lazy\"> <\/picture><figcaption>\n<p class=\"item-caption\"><span>FINVIZ<\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Hence, I consider EOG to be a buy at current levels.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">However, investors need to be aware of the cyclical risks and above-average volatility that come with investing in oil and gas stocks.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">I currently hold roughly 16% oil and gas exposure. I&#8217;m looking to further expand my exposure in the months ahead.<\/p>\n<h2 class=\"paywall-full-content invisible no-summary-bullets\">Takeaway<\/h2>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Despite the challenging position of the oil industry, Houston-based EOG Resources stands out as a promising investment opportunity. With its diversified portfolio, efficient operations, and commitment to rewarding shareholders, EOG is well-positioned to capitalize on the next potential wave of inflation.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">While oil prices have experienced a decline due to various factors, including increased production from non-OPEC+ countries and concerns about an economic slowdown, EOG has adjusted its strategies to adapt to the changing environment. The company&#8217;s focus on optimizing drilling operations and its multi-basin portfolio provide a solid foundation for long-term success.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Moreover, EOG&#8217;s strong financial health, declining debt, and commitment to shareholder distributions make it an attractive choice for investors.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/seekingalpha.com\/article\/4609229-eog-resourcesfuture-looks-bright?source=feed_all_articles\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction Oil is in a tough spot. Economic growth fears are hurting cyclical commodities while pushing money into technology and growth stocks. While oil stocks aren&#8217;t a fun place to be, I&#8217;m a buyer again, boosting my stake in preparation for the next inflation wave. In this article, we&#8217;ll discuss one of the best drillers [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[236],"tags":[83],"class_list":["post-17864","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-news","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EOG&#039;s Future Looks Bright (NYSE:EOG) | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Introduction Oil is in a tough spot. Economic growth fears are hurting cyclical commodities while pushing money into technology and growth stocks. While\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=17864\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EOG&#039;s Future Looks Bright (NYSE:EOG) | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Introduction Oil is in a tough spot. Economic growth fears are hurting cyclical commodities while pushing money into technology and growth stocks. While\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=17864\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-04T03:32:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-04T03:32:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/1685849564_image_1480068971.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"971\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=17864#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=17864\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"EOG&#8217;s Future Looks Bright (NYSE:EOG)\",\"datePublished\":\"2023-06-04T03:32:43+00:00\",\"dateModified\":\"2023-06-04T03:32:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=17864\"},\"wordCount\":1732,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=17864#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=17864\",\"url\":\"https:\/\/ifintechworld.com\/?p=17864\",\"name\":\"EOG's Future Looks Bright (NYSE:EOG) | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-06-04T03:32:43+00:00\",\"dateModified\":\"2023-06-04T03:32:45+00:00\",\"description\":\"Introduction Oil is in a tough spot. Economic growth fears are hurting cyclical commodities while pushing money into technology and growth stocks. While\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=17864#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=17864\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=17864#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EOG&#8217;s Future Looks Bright (NYSE:EOG)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EOG's Future Looks Bright (NYSE:EOG) | iFintechWorld","description":"Introduction Oil is in a tough spot. Economic growth fears are hurting cyclical commodities while pushing money into technology and growth stocks. While","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=17864","og_locale":"en_US","og_type":"article","og_title":"EOG's Future Looks Bright (NYSE:EOG) | iFintechWorld","og_description":"Introduction Oil is in a tough spot. Economic growth fears are hurting cyclical commodities while pushing money into technology and growth stocks. While","og_url":"https:\/\/ifintechworld.com\/?p=17864","og_site_name":"iFintechWorld","article_published_time":"2023-06-04T03:32:43+00:00","article_modified_time":"2023-06-04T03:32:45+00:00","og_image":[{"width":1536,"height":971,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/1685849564_image_1480068971.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=17864#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=17864"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"EOG&#8217;s Future Looks Bright (NYSE:EOG)","datePublished":"2023-06-04T03:32:43+00:00","dateModified":"2023-06-04T03:32:45+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=17864"},"wordCount":1732,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=17864#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=17864","url":"https:\/\/ifintechworld.com\/?p=17864","name":"EOG's Future Looks Bright (NYSE:EOG) | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-06-04T03:32:43+00:00","dateModified":"2023-06-04T03:32:45+00:00","description":"Introduction Oil is in a tough spot. Economic growth fears are hurting cyclical commodities while pushing money into technology and growth stocks. While","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=17864#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=17864"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=17864#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"EOG&#8217;s Future Looks Bright (NYSE:EOG)"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/17864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17864"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/17864\/revisions"}],"predecessor-version":[{"id":17866,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/17864\/revisions\/17866"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/17865"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}