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Denbury Resources Inc. Message Board

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  • soscorp soscorp Aug 22, 2003 9:14 AM Flag

    Cheney

    Good morning Peter
    I didn't reply to your previous post because I felt you had made my case. Until DNR replaces lost production from the sale of Laurel field, they take less to market. Garth has laid out a good plan, but has run into snags (schedule delays) in the plans execution. I have significantly reduced my position in DNR until:
    Jackson Dome upgrade news is released
    and/or
    N. Lorette field production is on line
    and/or
    Purpose of $350mil shelf registration is revealed
    I have seen too many CEOs coverup problems with optomisiam. Don't think this applies to Garth, but I think now is a good time for conservatism. Have done very well with DNR over past 3 years, and look forward to continued investing successes with this company.

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