DNR

[setliff]

dan, do you happen to know why its trading down when nearly all e&p are up? there has been no news that i can find.

[dan_s]

I no longer follow DNR but I will take a look tomorrow. EOR projects have high operating expenses, so low oil prices hurt them more than most upstream companies.

[setliff]

well, they did announce a 15% payroll cut last week, but i thought that would help stock price.

[k1f]

You may know Long Player's analysis of DNR's situation on Seeking Alpha:

https://seekingalpha.com/article/405570 ... ny-walking

The analysis faults interest burden + sleepy mgt for DNR's vulnerability to Ch 11.