Novavax, Inc. (NASDAQ:NVAX) Jefferies London Healthcare Conference November 15, 2023 4:00 AM ET Company Participants Roger Song - Jefferies Conference Call Participants John Jacob - President & CEO Filip Dubovsky - President of Research and Development Jim Kelly - EVP & CFO Roger Song All right. Good morning, everyone. Welcome to day two at Jefferies Healthcare Conference in London. My name is Roger Song, one of the senior analysts cover biotech at Jefferies in the U.S. Next, presenting company is Novavax. ...

Union Pacific Corporation (NYSE:UNP) 2023 Stephens Annual Investment Conference November 14, 2023 9:00 AM ET Company Participants Jim Vena - Chief Executive Officer Jennifer Hamann - Chief Financial Officer Eric Gehringer - Executive Vice President of Operations Conference Call Participants Justin Long - Stephens Justin Long This is Justin Long from Stephens. I want to start by welcoming everyone to the 2023 Nashville conference. We're really excited for the lineup of companies we have attending over the ne ...

Datadog, Inc. (NASDAQ:DDOG) The RBC Capital Markets Global TIMT Conference Call November 14, 2023 1:20 PM ET Â Company Participants David Obstler - Chief Financial Officer Conference Call Participants Matthew George - RBC Matthew George We got a nice size group here. So I will work through some questions, and weÂ'll certainly allow some time for Q&A. And with a group like this one, we might get a question or two. So weÂ'll see. Get your questions ready now... David Obstler Ask questions. Matthew George Yes, ...

Phillips 66 (NYSE:PSX) Bank of America Energy Conference Conference Call November 14, 2023 4:00 PM ET Company Participants Timothy Roberts - EVP, Midstream & Chemicals Jeffrey Dietert - VP, IR Richard Harbison - EVP, Refining Conference Call Participants Doug Leggate - Bank of America Merrill Lynch Kalei Akamine - Bank of America Merrill Lynch Doug Leggate Thanks very much indeed for being here this afternoon. So we're going to turn our agenda back to Refining again, our first corporate fireside chat with - ...

Arista Networks, Inc. (NYSE:ANET) 17th Annual Needham Virtual Security, Networking, & Communications Conference November 14, 2023 12:50 PM ET Company Participants John McCool – Chief Platform Officer Martin Hull – Vice President-Product Management Conference Call Participants Alex Henderson – Needham & Co Alex Henderson Great. Thanks so much, Zach. I appreciate the connection. My name is Alex Henderson. I'm the networking and security analyst at Needham. We have two awesome guys from Arista here, John McCoo ...

Editas Medicine, Inc. (NASDAQ:EDIT) Stifel 2023 Healthcare Conference November 14, 2023 1:50 PM ET Company Participants Erick Lucera - EVP, CFO Cristi Barnett - VP, Corporate Communications and IR Conference Call Participants Dae Gon Ha - Stifel Dae Gon Ha Okay, let's go ahead and get started with the next session. Thanks everyone for joining us. For the next half hour or so, we're going to be talking Editas Medicine. My name is Dae Gon Ha, biotech analyst at Stifel. Joining me here on stage, we have Erick ...

Philip Morris International Inc. (NYSE:PM) Chief Executives for Corporate Purpose CEO Investor Forum 2023 Call November 14, 2023 11:00 AM ET Company Participants Jacek Olczak - CEO and Chairman Conference Call Participants Unidentified Company Representative [Abrupt Start] …is really some of the most transformational efforts happening in business. Inevitably, when we send out invites to investors, both here and who are here in-person and those online, we'll hear from a few. I don't even want to hear from th ...

Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) Jefferies Global Healthcare Conference Call November 14, 2023 3:30 AM ET Company Participants Stuart Arbuckle - Executive Vice President and Chief Operating Officer Conference Call Participants Michael Yee - Jefferies Michael Yee All right. Good morning, everybody. Thank you for joining us here on a beautiful morning session here at the Jefferies Global Healthcare Conference here in London. I'm Michael Yee, one of the senior biotechnology analyst here at Jef ...

EOG Resources, Inc. Conference Call Summary Company Overview - **Company**: EOG Resources, Inc. (NYSE:EOG) - **Event**: BofA Securities Global Energy Conference - **Date**: November 14, 2023 Key Industry Insights - **Oil and Gas Market Volatility**: EOG acknowledges the volatility in oil and gas prices, with oil prices recently dropping by $20 and gas prices fluctuating significantly. The company emphasizes the importance of being a low-cost operator to navigate these fluctuations effectively [3][4][6]. - **Long-term Outlook**: EOG maintains a bullish long-term view on both oil and natural gas, highlighting the necessity for continued investment in the sector despite the ongoing energy transition discussions [8][9]. Financial Metrics and Strategy - **Breakeven and Returns**: EOG operates with a premium price deck of $40 for oil and $2.50 for natural gas, aiming for a 30% direct after-tax rate of return. The company focuses on reducing breakeven costs and achieving margin expansion [5][46]. - **Investment Philosophy**: The company prioritizes high returns over growth, investing in projects that can consistently improve returns year over year [4][5]. Exploration and Development - **Gas Portfolio Shift**: EOG is pivoting towards gas development, particularly in the Dorado and Utica plays, while still focusing on oil due to better margins [7][10]. - **Dorado Play**: This natural gas play in South Texas is expected to be significant for North America's LNG future. EOG has invested in infrastructure to reduce transportation costs, enhancing competitiveness [12][14][15]. - **Utica Play**: EOG is revisiting the Utica with modern fracking technology, having previously explored it without success. The company is optimistic about the potential for improved recovery rates using new techniques [16][18][21]. Operational Efficiency - **Decentralized Operations**: EOG emphasizes a decentralized organizational structure, empowering local teams to make decisions based on real-time data, which enhances operational efficiency across its 16 plays in 9 basins [29][30]. - **Technology and Innovation**: Continuous improvement in completion designs and drilling techniques is a focus, with recent advancements leading to a 20% uplift in production rates in the Wolfcamp area [61][62]. M&A Considerations - **M&A Strategy**: EOG is cautious about pursuing M&A opportunities, preferring to focus on organic growth and exploration. The company evaluates potential acquisitions based on their ability to enhance existing returns rather than simply adding production [32][33][34]. Inventory and Future Outlook - **Resource Base**: EOG claims to have approximately 10 billion barrels of equivalent resources with a finding and development cost of less than $10 per BOE, providing a 30-year production outlook at current rates [47][48]. - **Double Premium Strategy**: The company has set a target of achieving a double premium return of 60% at the $40 oil and $2.50 natural gas price deck, reflecting a commitment to high-return projects [46][50]. Conclusion EOG Resources, Inc. is strategically positioned to navigate the volatile oil and gas market through a focus on low-cost operations, innovative technology, and a diversified portfolio. The company's commitment to organic growth and operational efficiency, combined with a cautious approach to M&A, underscores its long-term vision for sustainable returns in the energy sector.

CSX Corporation (NASDAQ:CSX) Stephens Investment Conference Conference Call November 14, 2023 10:00 AM ET Company Participants Sean Pelkey - EVP & CFO Matthew Korn - Head, IR Conference Call Participants Justin Long - Stephens Inc. Justin Long This is Justin Long with Stephens. I want to welcome everybody back to our Nashville conference in 2023. Next up, we have CSX, and representing the company, sitting to my right is Sean Pelkey, CFO. As a reminder, this will be a fireside chat format. I'll start with a ...