Portfolio Manager Ric Dillon of Diamond Hill Capital Management says that his firm’s largest position is in EOG Resources Inc (EOG), which has had success in hydraulic fracturing both on the oil and natural gas sides.
“Several years ago Suken Patel, who is our Energy Analyst, identified EOG as a company that had better prospects than were reflected in the consensus estimates; specifically he thought that they would have good success with their hydraulic fracturing in the middle part of the U.S., primarily on the oil side,” Dillon said.
FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE.
Dillon says that this was unusual, as most fracking success within the U.S. has been with natural gas; however, EOG Resources has had success with both.
“Suken was estimating better results, which turned out to be more correct than the consensus. So that would explain why it’s been a good story and why it’s one of our largest holdings.” Dillon said.
Continental Resources (CLR), Approach Resources (AREX) and EOG Resources (EOG) Hold Top Shale and Basin Acreage
January 10, 2013
EOG Resources (EOG) Tightens Well Density in the Eagle Ford to Increase Extraction
February 01, 2013
BreitBurn Energy Partners L.P. (BBEP) to Continue to Focus on Oil Side of Business
February 20, 2014
Investors Bancorp, Inc. (ISBC) a Thrift Success Story
December 31, 2014
Martin Midstream Partners L.P. (MMLP) Has Long Track Record of Success and Institutional Investors Scooping Up Units
July 03, 2013
