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Denbury Resources Inc. Message Board

  • dkwilk dkwilk Feb 14, 2013 9:40 AM Flag

    permian basin

    M filloon has a article in Seeking alpha today on the permain basin.. don

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    • Did they change the format again. Looked at APA report, they are the most active in the Pernian, say they have 4 billion boe of potential reserves, 4 billion in the Anadarko, mid continent. Almost half of total prod is nat gas, but is only 20% of revenue. They have 7 million acres in Canada. At 4x cash last year. A cheap mini major, could be a target for someone bigger, but at $43 billion. If gas comes back, they along with others will see much more cash flow. Egypt and Argentina don't seem like good places to operate.

 
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