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Energen Corp. Message Board

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  • rokdoc49 rokdoc49 Apr 2, 2007 2:14 PM Flag

    Land of 52 !!!

    Yes indeed!! The Lord is taking us to the promised land. It can be a bit intimidating for "to whom much is given, much is required".

    Don't know of any particular news or reason it's going up, probably just moving toward it's correct value in upper 50s.

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    • Some of it may be the recent news that they hedged part of 2008 production at $8.47.

      • 1 Reply to bobwas98
      • Hello to everyone,

        I knew this was coming but was getting tired of waiting. Finally the true value is emerging. Dare we think of the land of 53? Or dream of the land of 58?

        Every time it goes up a dollar we are raking in the chips!!! By the way #9, I see Florida got y'all again. Sorry for you my friend.

        I believe the hedging is a small piece of the puzzle. The shale exploration and western production and the Chesepeake deal and increased profits have something to do with it. What do you think HMMMMMM?? It is a vibrant, growing and moving company. It's a bet on the future that looks good enough that people are throwing cash on the table!!


        Regards!

 
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