In his latest stock analysis for Money Magazine, Talaria Co-CIO Chad Padowitz takes a look at EOG Resources, a crude oil and natural gas exploration and production company.
EOG explores, develops, produces, and markets crude oil, natural gas liquids (NGLs) and natural gas primarily in major producing basins in the United States, the Republic of Trinidad and Tobago (Trinidad) and, from time to time, selects other international areas.
“EOG offers a compelling combination of financial strength, capital discipline, and shareholder returns. They have a strong balance sheet with negligible debt and a history of prudent financial management. Production growth of 5-7% that is supported by disciplined capex (~$2 billion above maintenance), and substantial reserves with an average life of 12.5 years at the end of 2023,” said Chad.
Chad Padowitz is the Co-Chief Investment Officer of Talaria Asset Management. He has more than 25 years’ experience in the financial services industry in the UK, South Africa and Australia.
His experience includes working as an analyst in the treasury department at HSBC Bank in London, in derivative reporting and analysis, and as an equities research analyst at First National Bank in South Africa.
Chad holds a Bachelor of Commerce from University of the Witwatersrand (South Africa), is a Fellow of the Financial Services Institute of Australasia and is a Chartered Financial Analyst charterholder. Chad co-founded Talaria Asset Management in 2018.
