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EOG Resources (EOG -0.6%) is the “big winner” in the shale-gas deal between Chevron...

EOG Resources (EOG -0.6%) is the “big winner” in the shale-gas deal between Chevron (CVX -0.9%) and Apache (APA -1.6%), UBS analysts write in a note to clients. EOG will realize an estimated $450M "for exiting a project it had little interest in pursuing," UBS says, while the deal likely will cause capital expenditure concerns for CVX and APA.
Comments (3)
  • JPPELS
    , contributor
    Comments (6) | Send Message
     
    EOG figures one in hand worth two in bush? CVX & APA too experienced to get a raw deal; time will tell? APA has so many irons in the fire; payday will come but not soon.
    24 Dec 2012, 02:37 PM Reply Like
  • 6.5 swede
    , contributor
    Comments (90) | Send Message
     
    This is great for APA. This means the Kitimat LNG project gets built alot sooner than it would have. CVX has the money, and expertise, to push ahead.
    24 Dec 2012, 09:39 PM Reply Like
  • bmrulez
    , contributor
    Comments (2) | Send Message
     
    How long before EOG pulls right out of Canada altogether?? With LNG out of the equation, what do they have left up there??
    27 Dec 2012, 11:14 AM Reply Like
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