Thursday, August 5, 2010

EOG

EOG has decided to market its Canadian shallow natural gas assets in 2010. EOG began marketing these assets in July 2010 with the anticipation of receiving bids in September 2010. If an acceptable bid is received, EOG expects to close the transaction during the fourth quarter of 2010.

-- From EOG's quarterly report.

Seems like all the North American operators these days are trying to minimize exposure to natural gas. Gas is so out of style you see.

Anyone know of any companies buying up gas assets like this? Sounds like an interesting contrarian opportunity.