EOG Seen Extending Gain as CEO Leaving Fuels Deal Talk: Real M&A

EOG Resources Inc., the U.S. crude oil producer that’s rallied more than any peer in the past six months, offers the biggest energy companies the chance to expand in one of the world’s fastest-growing markets.

Even after surging 32 percent since July, EOG trades at a below-average multiple of enterprise value to both production and profit, according to data compiled by Bloomberg. With Chief Executive Officer Mark Papa retiring in June, a takeover of the $34 billion company is more possible, Royal Bank of Canada said.