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BUYINS.NET: (EOG) SqueezeTrigger Price is $67.272. There is $389,280,892.00 That Short Sellers Still Need To Cover
Jan 02, 2009 (M2 PRESSWIRE via COMTEX) --
BUYINS.NET / www.squeezetrigger.com is monitoring EOG RESOURCES INC (NYSE:EOG) in real time and just received an alert that is crossing above its primary SqueezeTrigger Price, the price that a short squeeze can start in any stock. There are 5628700 shares that have been shorted at the volume weighted average SqueezeTrigger Price of $67.272. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.squeezetrigger.com.
From January 2005 to December 2008, an aggregate amount of 900472365 shares of EOG have been shorted for a total dollar value of $60,331,648,455.00. The EOG SqueezeTrigger price of $67.272 is the volume weighted average price that all shorts are short in shares of EOG. There is still approximately $389,280,892.00 of potential short covering in shares of EOG.
SqueezeTrigger.com has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger Price for each stock that has been shorted. The data has then been integrated into an automated trading platform which can be used to connect to a live online broker and automate your trading of short squeeze events. It is extremely powerful with lightening fast execution at a very low price. Both the trading software and SqueezeTrigger data feed are available at http://www.squeezetrigger.com.
EOG RESOURCES INC (NYSE:EOG) EOG Resources, Inc. (EOG), together with its subsidiaries, explores for, develops, produces and markets natural gas and crude oil primarily in major producing basins in the United States of America (United States), Canada, offshore Trinidad, the United Kingdom North Sea and other international areas. As of December 31, 2005, EOG's total estimated net proved reserves were 6,194 billion cubic feet equivalent (Bcfe), of which 5,557 billion cubic feet (Bcf) were natural gas reserves and 106 million barrels (MMBbl), or 637 Bcfe, were crude oil, condensate and natural gas liquids reserves.
United States and Canada Operations
EOG's operations are focused on most of the productive basins in the United States and Canada. As of December 31, 2005, 88% of EOG's net proved United States and Canada reserves (on a natural gas equivalent basis) were natural gas and 12% were crude oil, condensate and natural gas liquids. EOG drilled 88 net horizontal wells and grew production to approximately 100 million cubic feet per day (MMcfd), during the year ended December 31, 2005. EOG increased its acreage position in the Barnett Shale play to over 500,000 acres during 2005. EOG had 12 drilling rigs operating in 2005.
In the Permian Basin, EOG exploited a Permo-Penn carbonate play and maintained an active horizontal drilling program in the Devonian formation of West Texas. In addition, two new plays in Southeast New Mexico were deemed successful, a horizontal Wolfcamp play where EOG drilled six wells in 2005 and controls approximately 35,000 net acres, and a horizontal Bone Spring shelf play where five wells were drilled in 2005, and EOG controls approximately 15,000 net acres. EOG drilled 54 net wells in the Permian Basin in 2005 and net production averaged 92 MMcfd of natural gas and 7.9 thousand barrels per day (MBbld) of crude oil, condensate and natural gas liquids. EOG has assembled an acreage position of over 130,000 net acres in several other growth plays that are being tested by drilling.
EOG continued to intensify its activities in the Rocky Mountain area, drilling 119 net wells during 2005, including 47 net wells in the Uinta Basin, Utah, nine net wells on the LaBarge Platform, Wyoming, 41 net wells on the Moxa Arch, Wyoming, and seven net wells in the Williston Basin. In the Mid-Continent area, EOG drilled 137 net wells in its core areas, most notably the Hugoton-Deep play in the Oklahoma Panhandle and the Cleveland Horizontal play in the Texas Panhandle. EOG expanded its Hugoton-Deep program by approximately 900,000 acres and 1,300 square miles of three-dimensional (3-D) seismic through the consummation of a 10-year joint venture with Anadarko Petroleum Company. During 2005, EOG acquired new leases on over 8,000 net acres, increasing its position to approximately 130,000 net acres available to drill for Cleveland and high potential Morrow accumulations. In addition to these two areas, EOG will continue drilling in the Texas Panhandle area and pursue exploration prospects throughout the Mid-Continent area.
The Upper Gulf Coast continues to be a significant growth area for EOG where 2005 production averaged 113 MMcfd of natural gas and 3.1 MBbld of crude oil, condensate and natural gas liquids. EOG drilled 24 wells in the Sligo Field in 2005. The expanded Cotton Valley development program continues with five wells drilled in 2005. Horizontal drilling is being deployed in a new operating area in the Spider Field, North Louisiana, where five wells were drilled in 2005. Another new growth area is the Hosston trend in Mississippi where five wells were drilled in 2005.
EOG drilled 76 net wells in South Texas during 2005. The activity was focused in Webb, Zapata, San Patricio, Lavaca, Duval and other counties, where EOG executed drilling programs in the Lobo, Roleta, Reklaw, Frio and Wilcox plays. In 2005, EOG drilled 90 net wells in the Appalachian area. Net production averaged 20 MMcfd of natural gas and 100 barrels per day (Bbld) of crude oil and condensate.
The SqueezeTrigger database of approximately 1 billion short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like SqueezeTrigger.com to access the data. Total Short Interest is the number of shares shorted but not yet covered, and is different from total short volume. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.squeezetrigger.com
About SQUEEZETRIGGER.COM
WWW.SQUEEZETRIGGER.COM is a service designed to help bonafide shareholders of publicly traded US companies fight short selling. SqueezeTrigger.com has built a proprietary database that uses Threshold list feeds and short sale time and sale data from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short trades.
SQUEEZETRIGGER.COM has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly one billion short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like SqueezeTrigger.com to access the data.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, SQUEEZETRIGGER.COM provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.
All material herein was prepared by SQUEEZETRIGGER.COM, based upon information believed to be reliable. The information contained herein is not guaranteed by SQUEEZETRIGGER.COM to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion.
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CONTACT: Thomas Ronk, CEO, SqueezeTrigger.com
WWW: http://www.SqueezeTrigger.com
Tel: +1 800 715 9999
e-mail: Tom@SqueezeTrigger.com
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