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Denbury Resources Inc. Message Board

  • dkwilk dkwilk Apr 8, 2013 9:15 AM Flag

    MDU and paradox basin.

    Harehau
    A Author has a article on MDU in seeking alpha about the t=strength of the paradox Basin.. Was it not DEJ who had some acreage in the basin with MDU, and was going to act as a JV partner.. we discussed this approx. 18 months ago.
    Any ways go to MDU headlines and read his comments.. don

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    • Didn't see anything about DEJ Paradox position. MDU might be worth a look again, couple of the investment banks saw near $30 break up value, and you get the div while you wait, still doesn't make sense that the co stays conglomerated. Williams recently in the Piceance said that I believe it was the Mancos potenital might double their potential gas reserves, and the market yawned. I sold my WPX after the spin off and put the proceeds into WMB, has paid off so far. Western gas is not very important currently, but there is still a bunch to be discovered. Same for Canada.

    • Looked at the SA article, those are big oil numbers. Remember looking at DEJ but all i remember is their Piceance gas play, which seemed not very valuable. Have always thought the Paradox might be big deal some day, Williams and Barrett had a gas play there that Williams dropped out of because of the ng price issue. Have to look at DEJ again.

 
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