EOG Forecast + Trading Strategies


Bullish Case: EOG’s solid financials, operational efficiency, and potential for revenue growth from recovering gas prices position it favorably for upward price movements.


Bearish Case: Volatile commodity prices, ongoing industry pressures, and cost inflation risks may hamper EOG’s profitability, leading to downside pressure on stock performance.


Potential Outcomes: 45% - Recovery of gas prices boosts revenue. 30% - Volatility and costs hurt profitability. 15% - Flat performance in near term. 10% - Unforeseen market dynamics affect EOG.


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June 05, 2024


EOG Resources Forecast

EOG      EOG Resources











Correlated Assets

Assets that tend to move strongly with EOG



NOG Forecast + Options Trading Strategies   NOG  Northern Oil and Gas (0.93)


OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (0.92)


CTRA Forecast + Options Trading Strategies   CTRA  Coterra Energy (0.89)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.87)


OIH Forecast + Options Trading Strategies   OIH  VanEck Vectors Oil Services (0.86)



Uncorrelated Assets

Assets with little price relationship to EOG



MCFT Forecast + Options Trading Strategies   MCFT  MasterCraft Boat (-0.0)


PCAR Forecast + Options Trading Strategies   PCAR  Paccar (0.0)


TXN Forecast + Options Trading Strategies   TXN  Texas Instruments (0.0)


IAT Forecast + Options Trading Strategies   IAT  BlackRock Institutional Trust Company N.A. - iShares U.S. Regional Banks (-0.0)


LPG Forecast + Options Trading Strategies   LPG  Dorian LPG (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against EOG



FL Forecast + Options Trading Strategies   FL  Foot Locker (-0.63)


SNOW Forecast + Options Trading Strategies   SNOW  Snowflake (-0.64)


PRFT Forecast + Options Trading Strategies   PRFT  Perficient (-0.66)


LW Forecast + Options Trading Strategies   LW  Lamb Weston (-0.67)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.75)





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