Denbury Resources

Denbury Inc. is an independent energy company engaged in the operation and production of oil and natural gas reserves. The firm holds interests in the Gulf Coast and Rocky Mountain regions. It aims to develop significant stranded reserves of American oil from depleted reservoirs through carbon dioxide enhanced oil recovery (CO2 EOR). The company was founded by Gareth G. Roberts in 1951 and is headquartered in Plano, TX.

Shares of Denbury Resources (NYSE:DNR) rose 15.1% after the company reported Q1 results.

Recap: Denbury Resources Q1 Earnings

PLANO, Texas, May  18, 2020  (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced its first quarter 2020 financial and operating results.

Denbury Resources Reports First Quarter 2020 Results

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Investors need to pay close attention to Denbury (DNR) stock based on the movements in the options market lately.

Are Options Traders Betting on a Big Move in Denbury (DNR) Stock?

Denbury Resources (DNR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Denbury Resources (DNR) Q1 Earnings Expected to Decline

Let's see if Denbury (DNR) stock is a good choice for value-oriented investors right now from multiple angles.

Is Denbury (DNR) a Profitable Stock for Value Investors?

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Denbury Resources (DNR) intends to defer the Cedar Creek Anticline CO2 tertiary flood development project beyond 2020 to preserve liquidity.

Denbury to Curb 2020 Capex, Opt for Reverse Stock Split

Actions to Preserve and Enhance Liquidity Include:  -   Reducing 2020 Capital Budget by $80 Million, or 44%  -   Deferring Cedar Creek Anticline Development Project  -   Restructuring Hedges  Intention to Seek Stockholder Approval of Reverse Stock Split

DENBURY RESOURCES PROVIDES OPERATIONAL AND FINANCIAL UPDATE

Denbury Resources (DNR) reported earnings 30 days ago. What's next for the stock?

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Investors need to pay close attention to Denbury Resources (DNR) stock based on the movements in the options market lately.

Are Options Traders Betting on a Big Move in Denbury Resources (DNR) Stock?

PLANO, Texas, March  06, 2020  (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced that on March 5, 2020, it received formal notice from the New York Stock Exchange that the average closing price of the Company’s shares of common stock had fallen below $1.00 per share over a period of 30 consecutive trading days, which is the minimum average share price for continued listing on the NYSE.

Denbury Resources Receives Continued Listing Standard Notice From NYSE

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PLANO, Texas, March  05, 2020  (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced that it has closed the previously-announced farm-down transaction with a subsidiary of Navitas Petroleum (TASE: NVPT.L, “Navitas”) for the sale of half of its nearly 100% working interest position in four southeast Texas oil fields (consisting of Webster, Thompson, Manvel and East Hastings) for $50 million cash and a carried interest in ten wells to be drilled by Navitas.  Estimated net cash to Denbury from the sale is approximately $40 million after adjusting for interim cash flow from the properties between the January 1, 2019 effective date and the closing date.  Production associated with the working interests sold averaged 1,170 barrels of oil equivalent per day for the fourth quarter of 2019, and proved reserves associated with the working interests sold were approximately 4.1 million barrels of oil as of December 31, 2019.

Denbury Resources Closes Farm-Down of 50% of Its Working Interest in Four Texas Conventional Oil Fields

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Denbury Resources' (DNR) fourth-quarter earnings are supported by lower transportation and marketing, and lease operating expenses.

Denbury Resources (DNR) Q4 Earnings Top Estimates, Down Y/Y

Denbury Resources Inc. (DNR) CEO Chris Kendall on Q4 2019 Results - Earnings Call Transcript

Denbury Resources (DNR) delivered earnings and revenue surprises of 12.50% and -0.15%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Denbury Resources (DNR) Q4 Earnings Top Estimates

10 Reasons Denbury Resources Is A Good Investment

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Denbury (DNR) announces plans of allocating proceeds from the divestiture of 50% of its rights in four oil fields in Texas to lower debt burden.

Denbury Inks $50M Deal to Divest Stakes in Texas Oil Fields

PLANO, Texas, Dec.  23, 2019  (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced that it has entered into a definitive agreement with a subsidiary of Navitas Petroleum (TASE: NVPT.L, “Navitas”) to sell half of its nearly 100% working interest position in four southeast Texas oil fields (consisting of Webster, Thompson, Manvel and East Hastings), for $50 million cash and a carried interest in ten wells to be drilled by Navitas.  The sale is expected to close by early March 2020 and is subject to customary closing conditions.  The Company anticipates using the sale proceeds to fund operations, enhance liquidity and/or reduce debt.

Denbury Resources to Farm-Down 50% of Its Working Interest in Four Texas Conventional Oil Fields to Navitas Petroleum for $50 Million; Transaction to Accelerate Conventional Drilling Opportunities Within Those Fields

News for Denbury Resources Stock (DNR)