Eog resources coo - "we would rather shut in production than sell into an uncertain low-price market"

Eog resources inc - now have hedged more than 95% of q2 oil produciton at an average price of $48 - exec,conf call.eog resources inc - now have hedged more than 50% of q3 oil produciton at an average price of $47.eog resources inc - expect to spend about $650 million in q2 and decline sequentially in q3 and q4 to total just $3.5 billion for the year.eog resources inc - volumes are currently forecasted to increase in h2 2020 with q4 production averaging about 420,000 barrels of oil per day.eog resources coo - "we would rather shut in production than sell into an uncertain low-price market".eog resources ceo - "u.s. oil production is in severe decline, and it could take years for domestic production to turn around".eog resources ceo - "we believe that the historic and prolific oil production growth by u.s. shale may have been forever altered".eog resources ceo - don't think we're going to be adding any capital in the remaining of the year.eog resources ceo - not really interested at all in any certainly low-return m&a or acquisitions.eog resources ceo - very unlikely we'll do a large m&a.eog resources ceo - large m&as are really not, in our view, competitive.
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