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EOG Resources (EOG +4.3%) shares hit four-year highs before pulling back, as CEO Mark...
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Tuesday, November 6, 2012, 2:31 PM ETEOG Resources (EOG +4.3%) shares hit four-year highs before pulling back, as CEO Mark Papa tells a conference call after Q3 results beat expectations that EOG plans to spend less on "money-losing" drilling next year, which will result in lower capital expenditures. EOG expects to spend ~$7.6B this year, but next year's budget will shrink as it spends less on drilling.
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