EOG Forecast



Bearish<—>Bullish



80% Confidence




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.




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December 17, 2024


EOG Resources Forecast

EOG        EOG Resources











Correlated Assets

Assets that tend to move strongly with EOG



SU Forecast + Options Trading Strategies   SU  Suncor Energy (0.77)


EH Forecast + Options Trading Strategies   EH  EHang Holdings Ltd - (0.65)


FANG Forecast + Options Trading Strategies   FANG  Diamondback Energy (0.64)


MIR Forecast + Options Trading Strategies   MIR  Mirion Technologies Inc. (0.64)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.63)



Uncorrelated Assets

Assets with little price relationship to EOG



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


LAC Forecast + Options Trading Strategies   LAC  Lithium Americas (0.0)


VOD Forecast + Options Trading Strategies   VOD  Vodafone (0.0)


VXX Forecast + Options Trading Strategies   VXX  iPath Series B S&P 500 VIX Short-Term Futures (0.01)


PTEN Forecast + Options Trading Strategies   PTEN  Patterson-UTI Energy (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against EOG



NKE Forecast + Options Trading Strategies   NKE  Nike (-0.46)


BIIB Forecast + Options Trading Strategies   BIIB  Biogen (-0.46)


CNXC Forecast + Options Trading Strategies   CNXC  Concentrix (-0.55)


NOVA Forecast + Options Trading Strategies   NOVA  Sunnova Energy International (-0.55)


BCE Forecast + Options Trading Strategies   BCE  BCE (-0.59)









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