EOG, like APA, and PBR is also a stock for those concerned with the "Peak Oil" hype ... though there's probably a lot of crude yet to be found. EOG, as a North American nat-gas player, has been, seemingly off the radar, buying up leases in areas where it believes that its expertise in horizontal drilling and completion give it the ability to access major oil reserves. With a bit of luck, based on good prior planning, by the end of the decade, EOG, with approx 84% of its revenue from nat-gas, is projected to move to 50% oil and nat-gas liquids. Moving toward balance is not a bad thing!