|Bid||0.0000 x 36100|
|Ask||1.1400 x 21500|
|Day's Range||1.1100 - 1.1700|
|52 Week Range||1.0600 - 6.7500|
|Beta (3Y Monthly)||2.73|
|PE Ratio (TTM)||2.01|
|Earnings Date||Aug 5, 2019 - Aug 9, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.26|
Denbury Resources (DNR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]
Investors need to pay close attention to Denbury Resources (DNR) stock based on the movements in the options market lately.
All of the oil-weighted stocks except Concho Resources (CXO) and Denbury Resources (DNR) ended in the green. Concho Resources was unchanged, while Denbury Resources fell 0.8%.
(Bloomberg Opinion) -- The quarterly energy survey by the Federal Reserve Bank of Dallas is required reading in oil and gas circles, not least because of the anonymous quotations from participants:We see oversupply, oversupply and oversupply of both oil and gas ...That particular respondent from the oilfield services sector, featured in Wednesday’s release, sure seems concerned about something. As well they might. Oilfield services stocks are even less popular than those pariahs known as exploration and production stocks. The reason, as I laid out here, is that the route back to redemption for E&P companies involves diverting more cash flow toward shareholders and less toward the sort of spending that boosts the top line for oilfield services contractors.The sector’s problems can be summed up in this chart. It shows index readings for business activity among E&P and services firms, as collated by the Dallas Fed. It also shows readings for the change in oil and gas production. These numbers are derived by subtracting the percentage of companies reporting a decrease in output from the percentage reporting an increase (I ignore the proportion reporting no change).Back in early 2016, everyone knew where they stood: in a hole, with oil having just dipped below $30 a barrel. But activity and production bounced back relatively quickly. Most pertinent to the current situation is that uptick in activity and the prevalence of production growth, especially for oil, last summer. That was when expectations of imminent Iranian sanctions from Washington sparked a big rally in oil prices – and led E&P companies to quickly abandon the spending discipline they had touted in early 2018. The subsequent head-fake on Iran in the fall, combined with surging U.S. oil supply running into an unusually weak fourth quarter for demand, trashed prices, stocks – and the last sliver of credibility the sector had with investors.As concerns about oil demand have blunted the impact of this year’s escalation in U.S.-Iranian tensions, so E&P firms have recommitted to discipline. That looks real enough, judging by the index readings on activity. Some respondents also mentioned the impact of disinterested investors and distrusting lenders in curbing drilling.But juggernauts this big don’t brake on a dime. While the proportion of E&P firms telling the Dallas Fed that output fell has risen from about 18% in the fourth quarter of 2018 to about 26% in the current quarter, more than 70% report flat or increasing production, and weighted toward the latter. Even in natural gas, a market so awash that prices in West Texas have turned negative on some days this year, almost 40% of respondents reported an increase in production.The cure for low prices is usually low prices, but the productivity gains of recent years in shalelandia – funded in part by contractors’ pain and investors’ prior indulgence – have kept moving that bar lower. The latest washout in stock valuations may provide the impetus needed for discipline to take hold, which could tempt investors back to the E&P sector (services, not so much).The test for that may already be upon us. At the moment the dour Dallas Fed survey results went up Wednesday morning, the Energy Information Administration was reporting a big drop in oil inventories last week, pushing up prices. Naturally, the most highly levered, volatile stocks such as California Resources Corp. and Denbury Resources Inc. leaped.A combination of a trade truce between the U.S. and China at this weekend’s G-20 festivities and more flare-ups in the Persian Gulf could provide a further tailwind for prices heading into the traditionally strong summer season for oil demand. Respondents’ comments suggest little faith in peace breaking out on trade; and one rather delicately indicated a different kind of war might be more relevant:A reversal in the current supply/demand relationship will likely depend on the occurrence of an event or events that are less than desirable.For investors, though, it’s less about what oil prices do and more about what E&P management teams do with them. If a summer spike reawakens the impulse to drill, we’ll get cheerier Dallas Fed readings at odds with listless stocks.To contact the author of this story: Liam Denning at firstname.lastname@example.orgTo contact the editor responsible for this story: Mark Gongloff at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
How far off is Denbury Resources Inc. (NYSE:DNR) from its intrinsic value? Using the most recent financial data, we'll...
Moody's Investors Service (Moody's) changed Denbury Resources Inc.'s (Denbury) Probability of Default Rating (PDR) to B3-PD/LD from B3-PD, affirmed its B3 Corporate Family Rating (CFR) and assigned a B3 rating to its new 7.75% secured second lien notes due 2024. Denbury issued $528 million of new 7.75% senior secured second lien notes due 2024 and $245.5 million of 6.375% convertible senior notes due 2024 (as well as paid $120 million in cash) in exchange for $152 million of existing senior subordinated notes due 2021, $220 million of existing senior subordinated notes due 2022, $96 million of existing senior subordinated notes due 2023 and $425 million of existing 7.5% senior secured second lien notes due 2024.
70+ oil & gas industry management teams will discuss 2019-2020 operations at EnerCom's 24th Denver energy investment conference DENVER , June 25, 2019 /PRNewswire/ -- The oil and gas companies presenting ...
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On June 19, the EIA is scheduled to announce last week’s US crude oil inventory data. A fall of equal to or more than 7.1 million barrels could help the inventories spread contract. A Reuters poll suggests a fall of 2.033 million barrels.
PLANO, Texas, June 17, 2019 -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced the early participation results of its exchange offers to:.
Denbury Resources Inc. (DNR) (“Denbury” or the “Company”) today announced that Chris Kendall, President and Chief Executive Officer, will present at the 2019 J.P. Morgan Energy Conference on Tuesday, June 18, 2019, at 8:35 a.m. Eastern Time. An updated corporate presentation for the conference will be posted to the Company’s website the morning of Tuesday, June 18, 2019, and a link to the live webcast of the presentation will be available in the investor relations section of the Company’s website at www.denbury.com. Denbury is an independent oil and natural gas company with operations focused in two key operating areas: the Gulf Coast and Rocky Mountain regions. The Company’s goal is to increase the value of its properties through a combination of exploitation, drilling and proven engineering extraction practices, with the most significant emphasis relating to CO2 enhanced oil recovery operations. For more information about Denbury, please visit www.denbury.com.
In this quarter so far, US crude oil prices have fallen by double digits, and Denbury Resources has fallen the most among oil-weighted stocks. Last quarter, Denbury Resources had a production mix of around ~97% in oil.
Denbury Resources (DNR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
DENVER, June 5, 2019 /PRNewswire/ -- EnerCom is pleased to announce that global oil and gas giant Eni, SpA Vice President Andrew Lees will deliver the keynote luncheon address at EnerCom's The Oil & Gas Conference® on Aug. 14, 2019. Eni, SpA (NYSE:E) is an Italian global oil and gas and energy company operating in 67 countries worldwide, with 30,000 employees in upstream, midstream and downstream operations.
Denbury Resources Inc. (DNR) (“Denbury” or the “Company”) today announced that it has entered into private exchange agreements and has separately commenced exchange offers with respect to certain of its subordinated notes and its second lien notes due 2024. In addition, the Company has also announced today the commencement of exchange offers (the “Subordinated Notes Exchange Offers”) to Eligible Holders (as defined below) of its 6⅜% Senior Subordinated Notes due 2021 and 5½% Senior Subordinated Notes due 2022 and a separate exchange offer (the “Second Lien Notes Exchange Offer” and, together with the Subordinated Notes Exchange Offers, the “Exchange Offers”) to holders of its 7½% Senior Secured Second Lien Notes due 2024. The Exchange Offers are being made upon the terms and subject to the conditions set forth in a confidential offering memorandum (the “Offering Memorandum”) and related letter of transmittal (the “Letter of Transmittal”), each dated June 3, 2019.
PLANO, Texas, June 03, 2019 -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced that members of senior management will be attending the 2019 RBC.
DENVER, May 29, 2019 /PRNewswire/ -- EnerCom is pleased to announce that legendary oilman Harold G. Hamm, chairman and CEO of Continental Resources (CLR), will take the stage for a discussion about U.S. shale and look at the prospects for U.S. oil and gas exploration in a "fireside chat" Tuesday, August 13, 2019, during EnerCom's The Oil & Gas Conference® in downtown Denver's Westin hotel.
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