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Denbury Resources Inc. Message Board

  • Todd1956 Todd1956 Jul 17, 2003 10:01 AM Flag

    The trade is here again, I Think?

    I stepped up again to add to my LT holdings (free basis trading shares) @ 12.80 this am. IMO the energy sector is getting hammerred unduly by the street in the attempt to shake out the little guy again for the big profits to come this winter again. The OSX is getting hit as if Oil was $15 and NG was $2.00. I've been very patient and licking my chops to start catching the knives in a lot of issues.
    DNR looks like they got caught in the am sell-off in expectations of high injections again. If DNR closes above 13.25 I'll hold out for about a 6% trade to $13.58 +/-.
    If it closes below 13 I'll take a little profit and look for lower lows this summer again.
    Gotta believe that these producers are all going to be minting cash at these historically high pricing for their products.

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