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Article: Energen Raises 2008 Earnings Guidance Range to $3.95-$4.35 per Diluted Share.
- Article from:
- Business Wire
- Article date:
- December 12, 2007
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2007 Earnings May Exceed Guidance Range
BIRMINGHAM, Ala. -- Energen Corporation (NYSE: EGN) announced today that it has completed the 2008 budget process and, as a result, is raising its 2008 earnings guidance range by 30 cents to $3.95-$4.35 per diluted share. In addition, Energen anticipates that its 2007 earnings will reach or exceed $4.20 per diluted share, which is the top end of its existing 2007 earnings guidance range.
Key assumptions in Energen's 2008 budget are:
* Existing hedge position covering approximately 73 percent of estimated 2008 production;
* Assumed prices for unhedged natural gas, oil and natural gas liquids (NGL) ...