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EOG Bullish on Oil Prices; Closes Out Hedges
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During the RBC Conference, EOG Resources noted that the resurgence in oil prices has given them a more positive outlook for 2H20.
See Also: They are not the only company with improved outlooks - Parsley Energy has moved 92% of its curtailed production back online this month as a result of improving prices. EOG Closes HedgesDuring the Q&A session of the presentation EOG's E&P VP Ken Boedeker signaled that it will "accelerate" output in the coming months. Additionally, he noted that the company has closed out its hedges due to the relative rebound.
Q: One of the questions is that you have recently liquidated your – some of your oil hedge books, can you speak to what this says about your macro view on oil prices?
Boedeker: "You bet. From a hedge perspective, we hedge very…- ✓ Full news archive — U.S., Canada & international coverage
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