Corvex discloses 5.5% stake in Energen, calls for sale
June 01, 2017
Energy Exploration | Birmingham, AL
Keith Meister's hedge fund Corvex Management has disclosed a 5.5% stake in Energen (NYSE: EGN), per an SEC filing, with Reuters reporting that the activist investor has also urged the oil & gas company to explore a sale. Energen owns assets in the Permian Basin of West Texas; the company's shares closed up 3% Wednesday, giving it a $5.45 billion market cap.