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Denbury Resources Inc. Message Board

  • pfritzbelly pfritzbelly Oct 11, 2006 12:13 PM Flag

    Article in Greater Baton Rouge Business Report

    Mainly talking about Denbury Onshore's current plans for the Denham Springs Oil Sands project.

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    • thanks for sharing Does anyone think DNR is a possible take over candidate?

      • 1 Reply to mesa49kid
      • in Barrons Online 10/10/06:
        LAST SUMMER'S SELL OFF IN ENERGY STOCKS has taken a toll on the John Hancock Large-Cap Equities Fund. Still, portfolio manager Timothy Keefe hasn't just stood around with his hands in his pockets.

        Q.: What other oil stocks do you like?
        A: The thing about oil discovery and exploration is that it leaves a lot of oil in the ground. Denbury Resources (DNR) is an oil recovery company that has purchased a lot of old properties. Denbury has access to very inexpensive carbon dioxide (CO2), which they use in CO2 flooding, one of two ways to get more oil out of an old field (the other uses water). The recovery rates are substantial and make these old, abandoned wells excitingly economical. So production should climb 10% a year over the next several years and next year, Denbury should earn $1.75 a share.
        Denbury also owns all of the local CO2, which makes it very difficult for competitors to come in and do the same kind of recovery operation.

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