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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (34677)	8/24/2010 1:11:44 AM
From: E_K_S	Read Replies (1) of 78748

RE: Energen Corp. (EGN) I noticed this article today. Not too sure if they got a good price or not but the company has little debt, generates good net income and has a forward PE of 11. This purchase would increase their LT debt by 33% Energen Corp. to buy land-based assets for $185M businessweek.com From the article:"...The deal includes 19 producing wells and approximately 50 probable locations for production. Estimated proved reserves total 18 million barrels of oil equivalent, the company said. Sweet oil represents 65 percent of total proved reserves; natural gas liquids comprise 22 percent; and natural gas makes up the remaining 13 percent. The costs of development are estimated to be around $325 million, not including shutdown operations, Energen said...." =================================================================== Does this recent purchase by the company make you want to own more shares in this company? EKS

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