Then & Now: EOG Drills for Oil on Wall Street Using its Stock as Currency, an Industrial Info News Alert
(firmenpresse) - SUGAR LAND, TX -- (Marketwired) -- 02/10/17 -- Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Drilling for oil on Wall Street, or buying barrels rather than finding them, is a time-honored way for Oil & Gas to grow while managing risks. And if you can buy those barrels using your high-priced stock rather than cash or debt, so much the better. EOG Resources Incorporated (NYSE:EOG) (Houston, Texas) did just that last September when it acquired Yates Petroleum Corporation (Artesia, New Mexico) for about $2.5 billion in a deal financed mostly with EOG''s stock, which sold for about $85 per share at the time of the transaction. Investors are enthusiastic about the acquisition, driving up EOG''s stock price by about $20 per share since then.
Industrial Info''s Oil & Gas subject-matter experts will hold a on Monday, February 13, on Oil & Gas in the Americas. The event, which is complimentary, begins at 10:00 AM (Eastern), 4:00 PM (Central European Time). .
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Datum: 10.02.2017 - 06:30 Uhr
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