Denbury Resources (DNR) Update - March 31

[dan_s]

The Company has reduced its previously planned 2020 capital budget by approximately $80 million, or 44%. As a result, Denbury’s revised 2020 capital budget, excluding acquisitions and capitalized interest, is now $95 million to $105 million. Read press release: https://finance.yahoo.com/news/denbury- ... 10929.html

Actions to Preserve and Enhance Liquidity Include:
- Reducing 2020 Capital Budget by $80 Million, or 44%
- Deferring Cedar Creek Anticline Development Project
- Restructuring Hedges
Intention to Seek Stockholder Approval of Reverse Stock Split

We will publish an updated profile on Denbury late today.