This means that U.S.-based shale producers could become more "in play" than ever before. So today, I'd like to highlight two U.S.-based shale producers that could be beneficiaries of this transition. The first is Diamondback Energy (Nasdaq: FANG). The second is EOG Resources (NYSE: EOG). Here's a brief description of each company... EOG Resources explores for, develops and produces crude oil and natural gas in New Mexico and Texas. As of last December, it had estimated net proved reserves of 3,747 million barrels (MMBbl) of oil equivalent, including 1,548 MMBbl of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves. Diamondback Energy focuses on the acquisition, development, exploration and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas and New Mexico. As of last December, it had estimated proven oil and natural gas reserves of 1,788 MMBbl of crude oil equivalent, plus working interests in 5,289 gross producing wells.
YOUR ACTION PLANBoth Diamondback Energy (Nasdaq: FANG) and EOG Resources (NYSE: EOG) could be fantastic ways to position yourself if the Russian invasion marks the beginning of the end of globalization. Of the two names, I like EOG the best because of its technology. For example, Investor's Business Daily just called EOG the "Apple of oil" because over the last two years, EOG has developed 20 mobile apps that allow workers to stay connected to data from 5,000 horizontal wells day and night. EOG's chief information and technology officer, Sandeep Bhakhri, said that this technology is "a major game changer. We call it having a control room in your pocket." Of course, oil companies have been collecting drilling data for nearly 30 years, but in just the last two to three years, EOG has developed the ability to access real-time data, which allows the company to steer drill bits into the most productive parts of the rock. That's why the "Apple of oil" should now have a place in your portfolio. Want in on the action? See how we're helping War Room members make major gains in the red-hot energy sector. In fact, just last week, Bryan made a trade that resulted in a 25.17% total return. Click here to unlock those trades. P.S. Karim thinks that a value stock he's uncovere d - which trades for less than $2 - should also have a place in your portfolio. In his newest presentation, he shows you exactly why this stock could trade for $50 - and still be undervalued! Check it out here. | 
No comments:
Post a Comment