(Reuters) Energen Corp said on Monday its board had unanimously decided to stick to its business plan, shrugging off hedge fund Corvex Management LP call in May for a possible sale of the oil and gas producer. The Birmingham, Alabama-based company, which has a large concentration of its assets in the Permian Basin, also raised its 2017 production forecast by 5.9 percent to 70,200 barrels of oil equivalent per day.
Energen to Stick With Business Plan, Ignores Corvex’s Sale Call
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