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Energen (EGN +1%) shares bounce back after a big early drop sparked by lower production guidance...
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Wednesday, December 19, 2012, 12:46 PM ETEnergen (EGN +1%) shares bounce back after a big early drop sparked by lower production guidance for this year and 2013. Wunderlich thinks EGN "has plenty of running room [and] is attractively priced for the growth ahead," initiating coverage with a Buy rating. EGN was in the Permian basin early and is well positioned to capture multiple resource plays there, the firm says.
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