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NEW YORK (AP) — EOG Resources Inc.'s advantageous position in the high-performing Haynesville shale will likely boost shares of the oil and gas exploration company, said an analyst on Friday as he upgraded the stock.
Houston-based EOG's shares jumped $3.76, or 6.3 percent, to $63.88 in afternoon trading.
Goldman Sachs analyst Brian Singer said that due to the stock's attractive value, gas leverage and expected Haynesville well results, that he upgraded the company to "Conviction List-Buy." ...
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