Based in Houston, Texas, our latest featured recommendation is one of the largest independent crude oil and natural gas companies in the United States; points out Nicholas Vardy, editor of the Bull Market Alert.

EOG Resources (EOG) is the largest acreage holder and a top producer in the Eagle Ford Shale in South Texas. In fact, many analysts also believe that it is the single best-positioned oil company in America.

Thanks to recent technological advances, EOG just revised the reserve potential of the Eagle Ford shale to 3.2 billion barrels of oil equivalent (boe) from 2.2 billion boe—a whopping 45% increase.

EOG also has one of the best core positions in North Dakota's Bakken, as well as an emerging position in the West Texas Permian Basin.

All of these have allowed EOG to grow its production by an average of 43% over the past three years. Sales and cash from operations have also increased at annualized rates of, at least, 35% over the same period.

Capital spending has stabilized, and the company generated $70 million in free cash flow in 2013—its first year of positive free cash flow since 2005.

EOG's stock has also taken off recently and has strongly outperformed the S&P 500 (SPX) over the past three months. I think it has plenty more to go.

So buy EOG Resources at market, and place your initial stop at $90.00. If you want to play the options, I recommend the July $105 calls.

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