2013 Looks Promising for EOG
In the following video, Motley Fool energy analyst Joel South tells investors about EOG Resources' excellent 2012, and the company's continuing growth. He lists numerous expansion projects for EOG, such as increased drilling in its Eagle Ford, Bakken, and Permian Basin assets, and tells us how the company's strong infrastructure allows it to experiment with moving its oil around to different markets to get the best price. Finally, Joel gives us some numbers to show that, unlike other large exploration and production companies, EOG is still growing at a torrid pace.
The surge in oil and natural gas production from hydraulic fracturing and horizontal drilling is creating massive bottlenecks in takeaway capacity. However, this problem for producers creates a massive and immensely profitable opportunity for midstream companies. Another interesting opportunity for energy investors because of this trend is Energy Transfer Partners, which helps alleviate the glut in supply with 23,500 miles of transformational pipelines. To see if ETP and its industry-leading yield will be a fit for you, click on this detailed premium report, which will supply you with a thorough analysis of this midstream.
The article 2013 Looks Promising for EOG originally appeared on Fool.com.Joel South has no position in any stocks mentioned. The Motley Fool recommends Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.