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Jim Cramer — EOG Buying More Permian Land Will Make Shares Gush

Shares of EOG Resources (EOG) are up 5.5% Tuesday after the oil company said it will buy Yates Petroleum for $2.5 billion.

EOG will issue roughly 26 million shares in order to finance the deal for the privately held entity. The deal buys EOG more acreage in the Permian Basin, which is a very big deal, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio...


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