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Denbury Resources Inc. Message Board

  • Energy investment banks comments on DNR, "pure EOR" company. NAV of $28. Should ride the oil price curve. Seems maybe an oil price pullback is likely. They also like Apache, 60% upside to NAV.

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    • Don, could throw OXY, NBL, PXD into that basket as well. APA is a well managed co, and MPO CEO is ex APA, still think he is a good bet. But DNR seems a great bet at $90 oil, there isn't really a competitor in the EOR business, OXY did say that their EOR production is the most profitable. It feels as if the market is pricing in an oil pullback. I'm not so sure, although trying to predict short term moves is wasted energy, imo. Whether it stays at $90 long term is maybe a more important discussion. Barring a global collapse, seems oil is not coming down longer term, although we are seeing what supply can do to price here in the US.

    • i think this is very wise of DNR to issue this new debt to pay off old 9.5 % and 9.75 % dbt..
      if i had any debt i would borrow it now , cause when this 30 + yr intrest rat cut turns around it could get ugly.. i have wondered why the US has Not issud more 30 yr debt at the low rats of today, i suppose thy will wait until 30 T's are 12-14 % again.. don

      PLANO, Texas, Jan. 22, 2013 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (DNR) ("Denbury" or the "Company") announced today that it has priced its offering of senior subordinated notes due July 2023, and increased the size of the offering from $1.0 billion to $1.2 billion aggregate principal amount of notes. The notes will carry a coupon rate of 4.625% and are being sold at 100% of par. The Company expects to close the sale of the notes on February 5, 2013.

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