EOG Resources: The massive rise in oil prices is a direct lever for profit!

EOG Resources is one of the leading US oil and natural gas explorers. The main production areas are located in New Mexico and Texas in the USA. What I like is that EOG has a top-notch balance sheet, consistently distributes cash flow to its shareholders, and grows operationally through smart acquisitions. EOG Resources does not bear direct operational risks in the Middle East, but the war in Iran will have a direct positive impact on the business. This is because EOG's production costs per barrel are very low. The sudden increase in oil prices...