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Denbury Resources Inc. Message Board

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  • Can you get a 500% winner with just one pick? Absolutely! Thanks to Ultimate Stock Alerts (search Google for them), I did it

  • Reply to

    oil price

    by harehau Apr 27, 2015 10:03 AM

    Hofflmeister, ex Shell, says $80 end of this year and $100 next year. Would believe Boone over him but they are both at $100. The Cushing fill is over, I think I'd buy oil and gas cos today for a two year bet. Still would stay with midstream, saw a comment that current spread is 400bpts to 10 yr T note, in past, the next year's performance was up 25%, with a rebound in oil price and gas getting closer to export, seems that is not unreasonable. Time will tell.

  • Reply to

    oil price

    by harehau Apr 27, 2015 10:03 AM

    so rigs are down, existing wells keep pumping, maybe even some will be re-fracked... here is part of a news story about storage outside of cushing...

    Traders alarmed oil glut is a strain on West Texas storage tanks
    by Catherine Ngai | Reuters

    NEW YORK, April 26 (Reuters) – Four-hundred miles from the near overflowing tanks at the U.S. oil hub in Cushing, Oklahoma, a second glut in the Permian Basin of West Texas is pressuring oil prices once again as pipeline disruptions strand millions of barrels in the region.

    The Permian, the fastest-growing shale play, accounts for about a fifth of the country’s total oil production, and is expected to produce about 2 million barrels of crude a day in May. The region houses over 20 million barrels of crude storage.

    Stockpiles in the Permian have hit several records in the last four weeks, according to data from industry information provider Genscape.

    Investors have zeroed in on storage, waiting for declines in weekly inventory data to signal demand is rising or production is beginning to taper off. Stockpiles in Cushing, the delivery point for the U.S. futures contract, hit a record in the week to March 13, and Gulf Coast supply has been robust.

    Now a Permian backlog shows signs of an even bigger supply glut. Pipeline interruptions next month will compound already high inventories in the region that have grown because production has outpaced takeaway capacity.

    Crude from the Permian that gets stored in Midland, Texas, awaiting transport to the Gulf Coast, will be diverted to Cushing, where it will add to burgeoning supplies, possibly putting even more downward pressure on crude prices, traders said.

  • Reply to

    oil price

    by harehau Apr 27, 2015 10:03 AM

    Jerry, don't have clue. Problem for me is that commentary on the markets is trader focused vs investor focused.

    Listened to her interview of Boone, $90 plus by the end of next year. Can't argue with a guy who's been in the bidness for 7 decades. He did think rigs would bottom at 750 and we're at 700 and still falling. Issue that may be different this time is it would only take 6 mos to get rigs back again. DNR would be $20 again, and the Permian players would be gushing cash. PXD, OXY, DVN, APA.... TRGP could be the best positioned midstream for years to come.

  • Reply to

    oil price

    by harehau Apr 27, 2015 10:03 AM

    harold, in passing while exercising this morning at gym, i saw Maria on fox business interviewing cme chairman duffy and they were talking about lower trading volumes.... do you know where the lower volume coming from the individual or institutional investor? i haven't seen any news stories on this....

  • Reply to

    Whats Happening

    by connoreclancy931 15 hours ago

    U may find the answer when U analyse the one year or 3-4 mo charts -
    U can see very clear "Up-Trend" = Higher Lows & Higher Highs { HL & HH } and accumulation / Capital accumulates DNR as well
    GL2U

  • Reply to

    Whats Happening

    by connoreclancy931 15 hours ago

    Seems the current price is probably the floor at the current oil price, around mid $60s for the rest of the year. Would guess it tracks the oil price. For every $5 increase in oil, DNR probably appreciates $3. If you believe oil is $80 next year, that gets you to $17 per share. Nothing to it, figure out what the equilibrium price will be and make your bet. If we get $70 next year and for the longer term, seems DNR is a low double digits value, $12 maybe. Longer I look at the global factors for oil, Saudis with 2 mm spare capacity, Iran with several hundred thousand barrels, the rigs down to 700, global demand maybe picking up, I would guess $70s next year but you have the majors saying they expect lower prices for a while, maybe $60s. In that scenario, DNR is maybe a $10 value but again $8 feels like a floor. The macro is the key. And most forecasters never saw this collapse coming so make your own guess.

  • Where is the floor on this? How much further and for how long will it drop?

    Sentiment: Buy

  • Reply to

    oil price

    by harehau Apr 27, 2015 10:03 AM

    Agree with your expensive market assessment but could go higher, bet it does. And oil, I'm on the lower side of recovery to $90 next year, in the $75, $80 camp. I don't think you can just watch the US rig count, the other global factors complicate it. Do think that in 5 years, we could be looking at peak oil theory conversations, there's not enough cheap shale oil to supply the world longer term. Although Midland Tx could be the Riyadh of the future. Do think the shale revolution could be as important to this country as the industrial revolution. Interesting times. Trying to guess what happens tomorrow or next week is silliness and futile in my mind.

  • Reply to

    oil price

    by harehau Apr 27, 2015 10:03 AM

    Jerry, you are probably right to watch the Fed, their first move could move the mkt down. Looking at the mkt in general, seems everything is expensive historically, but maybe cheap if you expect 2% 10 yr T note for years. Looked at restaurant stocks, they are selling at 27x next year's earnings, that seems elevated to me. Would guess the interest, discount rate is the key to future movement. I still would bet we see higher valuations, more appreciation before a blow off.

  • Reply to

    SHORTED ANOTHER 20k @ $8.26

    by willingtoshare Apr 27, 2015 10:21 AM

    COVERED TODAY'S INTRADAY SHORTS FOR .20 GAIN
    HAPPY MAKING 5dig GAINS ON A DOG LIKE DNR.
    DNR = DO NOT RATE, RALLY, REVERE

    7's COMING !!! STILL HOLDING CORE SHORT POSITION !!
    SHORT 8.10 or better on the close !!

    Sentiment: Strong Sell

  • Reply to

    oil price

    by harehau Apr 27, 2015 10:03 AM

    I like reading your posts and you fellow friends here.
    Making a comment $75.00 oil if sustained will wreck my plan i think.
    ALL stocks even the oil seem to be in Nose Bleed territory to me.
    Other sectors with PE's way over 20...Well, Ok merger's can justify an High PE but how do we know a company is on the hunt usually only the bankers know. And then merger the merger spree is over after a time PE drops hard. Case I point to is TYCO....Thus I am on the sidelines. IF oil companies continue in these price ranges they are not knock blow buys because unless demand changes much to the higher side production growth will have to be slower growth to flat growth....anyone have an opinion on Line at these price levels for long term? Also did you see the headlines on BP about Armenians and Azerbaijan pipelines to EU? War Haunts Russia's Southern Fringe, Threatening PipelinesBloomberg (Mon 4:27AM EDT)

  • I haven’t seen a play has bad as DNR in years. I am now back on track since getting my alerts from Ultimate Stock Alerts (you can find them in Google)

  • SELL THE FACT, buy the rumor - FACT - OIL GOING TO RETRACT FROM THESE LEVELS - CUSHING STILL WAY TO HIGH & BOONE IS SO FULL OF IT !!! SHORT MORE !!! 7's COMING !!!

    Sentiment: Strong Sell

  • $7's B4 DAYS END

    Sentiment: Strong Sell

  • Reply to

    oil price

    by harehau Apr 27, 2015 10:03 AM

    thanks Harold, I had not heard/seen Mr. Kilduff for a while, apparently his mid $30/barrel prediction in spring won't happen...
    more then where the price of oil stabilizes, I am watching to see what Fed will do with interest rates....

    I am still just watching and have made no trades since last August.....

  • IF I WASN'T SO SHORT DNR, I'D TAKE YOU TO THE CLEANERS ON SD ( DOG DOG DOG )
    IT'S GOING TO $1.50 as DNR GOES TO $7's : ) SHORT MORE !!

    Sentiment: Strong Sell

  • $7's EASILIY TODAY : )

    Sentiment: Strong Sell

  • Reply to

    I CAN'T WAIT until . . . . . . . .

    by vladdy4504 Apr 27, 2015 12:22 PM

    WHAT FORCES ???
    YOU MEAN THE NYSE FUND THAT IS SELLING THE DOGSNOT OUT OF DNR TODAY ???
    DUDE - FOLLOW THE MONEY HERE !! SHORT MORE !!
    I'M ALL IN WITH MY LARGEST SHORT POSITION EVER - DNR is a DOG as OIL PRICES are getting ready to
    TANK below $50/bbl when CUSHING fill up to CAPACITY !!!
    SHORT SHORT SHORT !!! Today my Acct is now UP another $37K ( ALL IN SHORT THIS DOG )

    Sentiment: Strong Sell

  • forces align to squeeze the dogsnot out of the blood suckin' DNR shorts

DNR
8.205+0.165(+2.05%)2:25 PMEDT