RE: Valuing EOG Nice post Wisee. It is the reason why I have bought a lot of this company's stock. Their acreage is enormous and in the right baisin.
UNX buy out for $750million is the benchmark for me and most of their blocks were in the gas prone zones, only a relatively small acreage in Walvis Baisin.........yet HRP( the company that bought UNX) chose to drill their first two wells in Walvis Baisin; Says it all really.
If HRP hit oil in one of their two wells, I will not sell a single share. For one reason. Once the huge gains and profit taking settles, the fact remains that EOG will be left with the best and biggest acreage offshore Namibia and will be a massive buyout target. I believe, if EOG hits oil, we will get bought out for north of $750 million.
lock n load