EOG Resources Revised To $80 Per Share On Lower Oil Prices, Slower Production Growth

This year, EOG Resources plans to slow down its primary growth engine significantly in response to the changed crude oil price environment, as an attempt to maximize its returns in the long term. The company expects its 2015 full-year crude oil production to be flat, as it defers the completion of wells until global crude oil prices recover significantly to reflect the adjusted demand-supply scenario. Based on the recent earnings announcement, we have revised our price estimate for EOG Resources...