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Energen Corp. Dec 11 Product Image

Energen Corp. Dec 11

  • Published: December 2011
  • Standard & Poors

Abstract
The stable attributes of its regulated subsidiary, Alabama Gas Corp., which contributes 20% of consolidated cash flow; Long-lived oil and gas reserves that provide some flexibility in capital spending; A consistent track record of generating discretionary cash flow on a consolidated basis; and Solid credit ratios for the current ratings under our long-term pricing assumptions for crude oil and natural gas. The greater contribution of higher risk exploration and production activities to consolidated cash flow; A weaker outlook for natural gas prices over the intermediate term; and Periodic acquisitions to augment growth at the company's Energen Resources Corp. subsidiary. The ratings on Energen Corp., a Birmingham, Ala.-based diversified energy holding company, reflect the consolidated credit profile of the company and...

Companies mentioned in this report are: Energen Corp.,Alabama Gas Corp.
Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine READ MORE >

Energen Corp.,Alabama Gas Corp.

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