(Reuters) Hedge fund Corvex Management LP on Wednesday reported a 5.5 percent stake in Energen Corp (EGN.N) and called for the possible sale of the oil and gas producer. Energen’s shares were up 3.1 percent at $57.38 in morning trading, giving it a market value of around $5.3 billion. The Birmingham, Alabama-based company has a large concentration of its assets in the Permian Basin.
Hedge Fund Corvex Urges Energen to Consider Sale
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