In energy, we initiated a position in EOG Resources (EOG, Financial) early in the year amid a sell-off in energy names. We took advantage of further weakness late in the year to bolster our position. In our view, the company is a pack leader in onshore discovery and execution. We like EOG Resources' best-in-class management team and technical sophistication, and we are optimistic that the company will benefit from an eventual stabilization in oil prices.
From the T Rowe Price Equity Income Fund (Trades, Portfolio)'s 2020 annual shareholder letter.
