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re: I am looking for energy stocks to buy for the long term. Any suggestions?
Posted on 12/21/15 at 3:31 pm to WGB2004
Posted on 12/21/15 at 3:31 pm to WGB2004
EOG is starting to look good to me again. The stock is just over $70 right now, and my limit order would trigger at $69. Earlier this year I rode it up from 69.82 to 86.95 before selling.
On a relative basis among the shale players, EOG has good acreage, balance sheet, and corporate culture (efficient and engaged). I don't know what their stock price will be in 6 months, but I expect them to survive the downturn and have a much higher stock price when oil prices turn around. I'm planning to buy and hold unless the stock price shoot up oddly again.
On a relative basis among the shale players, EOG has good acreage, balance sheet, and corporate culture (efficient and engaged). I don't know what their stock price will be in 6 months, but I expect them to survive the downturn and have a much higher stock price when oil prices turn around. I'm planning to buy and hold unless the stock price shoot up oddly again.
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