EOG Resources Inc – $EOG – Confident Investor Rating: Poor

The following company description is from Google Finance: http://www.google.com/finance?q=eog

EOG Resources, Inc. (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas. The Company’s operations are all crude oil and natural gas exploration and production related. EOG’s total estimated net proved reserves include approximately 2,118 million barrels of oil equivalent (MMBoe), of which over 1,098 million barrels (MMBbl) is crude oil and condensate reserves, approximately 383 MMBbl include natural gas liquids (NGLs) reserves and over 3,825 billion cubic feet, or 637 MMBoe, includes natural gas reserves. The Company’s operations are focused in most of the productive basins in the United States with a focus on crude oil and, to a lesser extent, liquids-rich natural gas plays.
Confident Investor comments: At this price and at this time, I do not think that a Confident Investor can confidently invest in EOG Resources Inc. It is not possible to confidently invest in a company that is not currently profitable. I am removing EOG from my Watch List.
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