Comfort Level I'm comfortable with a 15 % gain each day rather than to the moon predictions. I'm still staying long with EOG.
I will accumulate more shares on any dips as daytraders give up short and lose out on bigger profits in the long term.
EOG is still on the radar of the Majors as the Namibia offshore oil fields are developed by all the players. All good news released by any offshore developers will potentially raise the SP of EOG.
EOG's P50 report for the Walvis basin blocks sets a great standard. Potentially over 7 billion barrels of oil in the two blocks in a shallow water drilling region of 40 to 200 metres deep.
The news can only get better.
Have a great day.
Cheers!