Seeking Alpha

Energen (EGN) and Cimarex Energy (XEC) are Imperial Capital's top picks for an investment play...

Energen (EGN) and Cimarex Energy (XEC) are Imperial Capital's top picks for an investment play on the budding horizontal Wolfcamp shale in the southern Delaware Basin. With EGN shares trading at a 2.6% premium to proved NAV of $45/share while peers trade at a 50%-plus premium, the firm thinks the market is not ascribing any value to its Wolfcamp potential.
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