RE: RE: RE: RE: RE: RE: RE: EOG vs OYL Even if they will need a PP (capital raising) at the end of the year, this will be in around 8 to 9 month. Till then lots of things will had happen offshore East- and West-Africa, like the first wells will be drilled, further estimates will be published, 2D and 3D seismic will be shot in several blocks, maybe a big one will swallow one more small one and so one.
Don't forget: They are not spending money for nothing (and chicks for free),The share price of EOG will certainly be higher in a couple of month than today due to (hopefully) positive developments of EOG as well as in the in the surrounding blocks. And then it will make sense to do a PP (or CR) at higher level and higher valuation of the company than today.
My 50 cents,
greetings Neo