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Fly News Breaks for May 19, 2016
EGN
May 19, 2016 | 07:34 EDT
SunTrust says that Energen could sell its non-core DE, San Juan, and other Western/Central DE acreage for a higher than expected $600M. According to the firm, the company could use proceeds from that deal to deploy more rigs than it currently plans in 2H16 and 2017, boosting its production above expectations. SunTrust remains confident that the company can deliver "strong sales," and it keeps a Buy rating on the shares.
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