|Bid||0.00 x 47300|
|Ask||0.00 x 1000|
|Day's Range||3.91 - 4.13|
|52 Week Range||0.91 - 4.75|
|PE Ratio (TTM)||9.26|
|Earnings Date||Aug 6, 2018 - Aug 10, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.41|
Denbury Resources Inc. (DNR) (“Denbury” or the “Company”) today announced that the Company has sanctioned a CO2 enhanced oil recovery (“EOR”) project at Cedar Creek Anticline (“CCA”). CCA is a massive geological feature stretching approximately 125 miles in length across parts of Montana, North Dakota and South Dakota. Chris Kendall, Denbury’s President and CEO, commented, “The decision to sanction this significant project marks a major milestone for the Company and highlights our confidence in the significant long-term oil production and cash flow potential of this key asset. Over the last few years, the Denbury team has worked diligently to prepare this project for execution, capitalizing on our vast EOR experience, and I am proud of all the efforts that made the sanctioning of this project possible.
Having looked at this week’s gainers in the US upstream sector, we’ll now move to the stocks that have fallen the most. We’ll focus on oil and gas producers with a market capitalization greater than $100 million and an average trading volume greater than 100,000 shares.
Denbury Resources Inc. (DNR) (“Denbury” or the “Company”) today announced that Chris Kendall, President and Chief Executive Officer, will present at the 2018 J.P. Morgan Energy Conference on Monday, June 18, 2018, at 2:40 p.m. Eastern Time. In the Company’s presentation, management will provide an update on the Company’s long-term CO2 EOR development plans at Cedar Creek Anticline. An updated corporate presentation for the conference and a link to the live webcast of the presentation will be made available at the time of the conference in the investor relations section of the Company’s website at www.denbury.com.
Presenters include U.S. and Canadian shale producers, Gulf of Mexico and Latin American producers, expert panel discussion on Mexico's growing E&P opportunities DENVER , June 13, 2018 /PRNewswire/ -- EnerCom, ...
Investment conference registration is open at the conference website DENVER , June 5, 2018 /PRNewswire/ -- EnerCom, Inc. is pleased to update the list of presenting oil and gas companies for the 23 rd ...
WallStEquities.com takes a look at the Independent Oil and Gas space, which includes companies that only explore for and produce oil and gas. Under monitoring this morning are these four stocks Comstock Resources Inc. (NYSE: CRK), Denbury Resources Inc. (NYSE: DNR), Eclipse Resources Corp. (NYSE: ECR), and Enbridge Energy Management L.L.C. (NYSE: EEQ).
To conclude our overview of the biggest movers in the upstream and oilfield services sector, we’ll discuss Wall Street analysts’ recommendations for the companies with the strongest gains in 2018. The median price target for WTI is $6.00, which is ~28% lower than the May 22 closing price of $8.34. As of May 22, Reuters reported seven analysts having recommendations on California Resources (CRC).
Denbury Resources (DNR) is the third-best-performing energy stock from the oil and gas production—or upstream—sector in the US in 2018 so far. Denbury Resources is an enhanced oil recovery (or EOR) upstream company with operations in the Gulf Coast and Rocky Mountain regions in the US. So far in 2018, DNR has risen ~94% to $4.29 from its 2017 close of $2.21.
In 2018, California Resources (CRC) is turning out to be the second-best performing energy stock from the oil and gas production—or upstream—sector in the US. California Resources is primarily a crude oil and natural gas producer with operations exclusively in California. So far in 2018, CRC has increased by ~96% from its 2017 close of $19.44 to $38.14.
The EIA estimates that OPEC’s spare crude oil production capacity fell by 30,000 bpd (barrels per day) to 1,940,000 bpd in April—compared to the previous month. OPEC’s spare crude oil production capacity is near a two-month low.
In Q1 2018, 12 hedge funds bought W&T Offshore (WTI) stock, and 23 hedge funds sold WTI stock. Thus, in Q1 2018, total selling hedge funds outnumbered total buying hedge funds by 11. As of March 31, 31 hedge funds held WTI in their portfolio. Out of these, only one hedge fund has WTI in its top ten holdings.
On May 16–23, our list of oil-weighted stocks rose 0.5%. US crude oil July futures rose 0.4% during this period. Below are the oil-weighted stocks with the biggest increases in the trailing week: Denbury Resources (DNR) rose 10.5%. California Resources (CRC) rose 4.3%. Oasis Petroleum (OAS) rose 3.7%.
On May 23, US crude oil July futures fell 0.5% and closed at $71.84 per barrel. On the same date, the EIA reported a rise 5.8 MMbbls (million barrels) in US crude oil inventories for the week ending May 18—compared to the market expectation of a fall of 1.7 MMbbls based on a survey by S&P Global Platts.
The US Dollar Index rose ~0.4% to 93.6 on May 15–22—the highest level since December 18, 2017. The active WTI oil futures increased ~1.2% on May 15–22. The strong US Dollar Index limited the upside for oil prices during this period.
DENVER, May 23, 2018 /PRNewswire/ -- EnerCom, Inc. is pleased to update the list of presenting oil and gas companies for the 23rd annual edition of its popular The Oil & Gas Conference®, coming this August to Denver, Colo.
Hedge funds’ net long positions in US crude oil futures and options contracts trading in NYMEX and ICE declined by 15,322 to 419,907 on May 8–15—the lowest level in the last six months. The CFTC released the data on May 18.
On May 21, US crude oil July futures closed $5.97 above the July 2019 futures contract. On May 14, the futures spread or the price difference was at a premium of $5.75. On May 14–21, US crude oil July futures rose 1.9%.
On May 21, US crude oil July futures rose 1.4% and settled at $72.35 per barrel—the highest closing level for active US crude oil futures since November 26, 2014. On May 14–21, US crude oil July futures rose 1.9%.
The EIA’s oil and natural gas inventory reports are scheduled to be released on May 23 and May 24, respectively. The reports could drive oil and natural gas prices this week.
Investors are always looking for growth in small-cap stocks like Denbury Resources Inc (NYSE:DNR), with a market cap of US$1.78B. However, an important fact which most ignore is: how financiallyRead More...
Between May 9 and May 16, our list of oil-weighted stocks rose 1.8%. US crude oil June futures rose 0.5%. Below are the oil-weighted stocks with the biggest increases in the trailing week: California Resources (CRC): rose 11.5% Oasis Petroleum (OAS): rose 7.3% Whiting Petroleum (WLL): rose 6.8%
On May 14, US crude oil June 2018 futures closed $4.87 above June 2019 futures contracts, and on May 7, the spread stood at $5.17. Between May 7 and May 14, US crude oil June futures rose 0.3%.