Energen Corp (EGN.N)
20 Mar 2018
* ELLIOTT - "ENERGEN HAS SOME OF THE BEST ASSETS IN THE PERMIAN BASIN, YET REMAINS DEEPLY UNDERVALUED" Source text for Eikon: Further company coverage:
Oil and gas producer Energen Corp said on Wednesday it has settled a long-simmering fight with activist investor Keith Meister by agreeing to review its businesses and appoint two board members in the wake of pressure to sell the company.
March 7 Oil and gas producer Energen Corp said on Wednesday it has settled a long-simmering fight with activist investor Keith Meister by agreeing to review its businesses and appoint two board members in the wake of pressure to sell the company.
March 7 Oil and gas producer Energen Corp on Wednesday added two members nominated by activist hedge fund Corvex Management LP to its board.
* ENERGEN CORP - ENTERS INTO AGREEMENT WITH CORVEX MANAGEMENT LP
Oil and gas company Energen Corp , under pressure from Keith Meister-led Corvex Management to sell itself, reported a better-than-expected quarterly profit, but its expectations for oil production this year fell short of analysts' estimates.
* Q4 adj. EPS 63 cents vs. analysts' estimate 42 cents (Adds production forecast, details from conference call, shares)
* 4Q17 PRODUCTION OF 97.4 MBOEPD EXCEEDED GUIDANCE BY 14% AND SURPASSED 3Q17 PRODUCTION BY 20%
Feb 20 Oil and gas company Energen Corp reported a fourth-quarter profit on Tuesday, compared to a year-ago loss, due to a rise in production and higher realized prices for oil.
Corvex Management LP kicked off its anticipated proxy challenge to Energen Corp on Wednesday, with the activist investor nominating four candidates to the oil and gas producer's board of directors as it pushes for a sale of the company.