EOG's Moment: Poised for Peak Performance
A Combination of Financial Strength and Operational Prowess Signals a New Era of Value Creation
Company Profile: EOG Resources Inc. (EOG)
Headquarters: Houston, Texas, USA
Industry: Energy (Oil & Gas Exploration & Production - E&P)
Founded: 1999 (became independent from Enron)
CEO & Chairman: Ezra Y. Yacob
Core Business: EOG explores, develops, produces, and markets crude oil, natural gas liquids (NGLs), and natural gas.
Primary Operating Areas: EOG's operations are predominantly located in major producing basins within the United States. Key focus areas include:
Permian Basin: Specifically the Wolfcamp, Bone Spring, and Leonard plays in West Texas and New Mexico.
Eagle Ford Play: In South Texas, where EOG holds significant net acreage.
Dorado Gas Play: Also in South Texas, a key natural gas asset.
Rocky Mountains: Including the Williston Basin (Bakken Formation) and Powder River Basin (Turner, Parkman, Niobrara Formations).
Other US plays include the Austin Chalk, Anadarko Basin, Fort Worth Basin, and Marcellus Shale.
International Presence: While primarily focused on the US, EOG also has operations and interests in:
Trinidad and Tobago: Holding exploration and production licenses for natural gas supply.
UAE and Oman: Exploring for oil.
Products: Crude Oil, Natural Gas Liquids (NGLs), Natural Gas.
Market Cap: Approximately $67.56 billion USD (as of June 18, 2025).
Employees: Around 3,150.
Publicly Traded: NYSE: EOG (S&P 500 component).
I’ve already published a detailed chart on EOG Resources in my article “Business Cycles and the Stock Market.”
In it, I explain how I apply market cycle theory to identify high-conviction investment opportunities like EOG.
You can read my full view—and learn how I invest using cycles—right here
Technical Analysis
Market cycle applying TIV (Technical Intrinsic Value model)
EOG is a great company with a clear focus on delivering value to shareholders. Their strong free cash flow generation, disciplined capital allocation, and consistent dividends speak for themselves.
Now, let me be clear—I’m not publishing this chart because of what’s happening between Israel and Iran. As you already know, my Technical Intrinsic Value (TIV) Model completely ignores news headlines, geopolitical noise, and short-term sentiment. That’s by design.
What matters is the cycle.
And as the chart shows, EOG is in the middle of Wave 3, which is typically the strongest and most explosive part of any market cycle. From the current price of $123.78, the model projects an upside of 94%, targeting $239.70—the top of Wave 3.
Will this war turmoil play a factor in EOG’s price action?
I don’t know—and I don’t need to.
But here’s what I do know:
That target $239.70 was defined well in advance, based on long-term technical structure. And based on the cycle, that’s where this phase is likely to complete.
Now it's up to you—does that remaining upside look appealing?
Disclaimer: EOG has been a part of my portfolio for a long time. This analysis reflects my personal investment strategy using the TIV model and is not financial advice.
Wishing you profitable decisions,
The Symphony of Stock Picking