EOG Resources, Inc. is a crude oil and natural gas exploration and production company. It explores, develops, produces, and markets crude oil, natural gas liquids (NGLs) and natural gas primarily in major producing basins in the U.S., the Republic of Trinidad and Tobago (Trinidad) and, from time to time, selects other international areas. Its operations are located in the basins of the U.S. with a focus on crude oil and, to a lesser extent, natural gas plays. It is focused on the Wolfcamp, Bone Spring, and Leonard plays. The South Texas area includes its Eagle Ford play and its Dorado gas play.
When researching a stock like EOG Resources, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from EOG Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for EOG stock — the real life supply and demand for the stock over time — and examines that data in different ways. |
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Video: Technical Analysis