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EOG Forecast + Trading Strategies



Price Forecast:




80% Confidence

Bearish   <->   Bullish



Bullish Case: EOG stands to benefit from recovering commodity prices, supported by strong financial fundamentals and positive operational execution. This could lead to increased revenue, particularly in the Dorado gas play.



Bearish Case: Volatile commodity pricing, coupled with increased operational costs and potential insider selling, could dampen profitability. EOG's performance may be constrained by these external pressures.



Potential Outcomes:
  • 35% - A gas price recovery significantly boosts EOG's revenue.
  • 30% - Commodity price volatility reduces profitability through higher costs.
  • 20% - Market stabilization leads to flat trading patterns.
  • 15% - Positive news regarding acquisitions or dividends enhances share value.



Trading Oracle: Adopt a bullish strategy using a short volatility play: sell $125 puts and buy $120 puts, capitalizing on positive market sentiment. With current favorable odds (76% chance of profit) and recent price stability, this positions EOG for potential upside while minimizing risk.


December 17, 2024


EOG Resources Forecast

EOG        EOG Resources

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Assets that tend to move strongly with EOG


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SU Forecast + Options Trading Strategies   SU  Suncor Energy (0.76)


MIR Forecast + Options Trading Strategies   MIR  Mirion Technologies Inc. (0.73)


CAT Forecast + Options Trading Strategies   CAT  Caterpillar (0.71)



Uncorrelated Assets

Assets with little price relationship to EOG


TMO Forecast + Options Trading Strategies   TMO  Thermo Fisher Scientific (-0.0)


CLPT Forecast + Options Trading Strategies   CLPT  ClearPoint Neuro (-0.0)


ARKK Forecast + Options Trading Strategies   ARKK  ARK Innovation (0.0)


WYNN Forecast + Options Trading Strategies   WYNN  Wynn Resorts (0.0)


VAL Forecast + Options Trading Strategies   VAL  Valaris (0.0)



Anticorrelated Assets

Assets that tend to move strongly against EOG


FOXF Forecast + Options Trading Strategies   FOXF  Fox Factory (-0.55)


TMF Forecast + Options Trading Strategies   TMF  Direxion Daily 20+ Year Treasury Bull 3X Shares (-0.59)


ZTS Forecast + Options Trading Strategies   ZTS  Zoetis (-0.6)


NOVA Forecast + Options Trading Strategies   NOVA  Sunnova Energy International (-0.61)


IGT Forecast + Options Trading Strategies   IGT  International Game Technology (-0.64)







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