In today's edition, Paul and Matt discuss EOG Resources, a company that has undergone a transformation from being a natural gas producer to possessing leading positions in two of the top oil plays in the U.S. -- the Eagle Ford Shale and the Bakken Shale.

EOG is trading near a 52-week high, but for good reason. The company has focused specifically on growing its oil production, not just its overall liquids. Thus, its cash flow and earnings have been going up very nicely along with its production. Today, it still trades at just over 6 times cash flow -- not a bad deal for a company close to its 52-week high.

See more in the following video.

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