DNR

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dan_s
Posts: 37308
Joined: Fri Apr 23, 2010 8:22 am

DNR

Post by dan_s »

Video on why you need to own Denbury Resources. Heavily weighted to oil. Selling 45% in the gulf coast market at a premium price and over a decade of double digit production growth locked in.

http://www.fool.com/investing/general/2 ... today.aspx
Dan Steffens
Energy Prospectus Group
dan_s
Posts: 37308
Joined: Fri Apr 23, 2010 8:22 am

Re: DNR

Post by dan_s »

Excellent points and more on why I really like DNR.

http://seekingalpha.com/article/423421- ... urce=yahoo
Dan Steffens
Energy Prospectus Group
setliff
Posts: 1823
Joined: Tue Apr 27, 2010 12:15 pm

Re: DNR

Post by setliff »

dan, i agree with how good dnr looks, but i have held it for almost two years and it has had a crappy performance--range bound most of the time between 14 and 19 with no growth in its charts. it is really hard to understand. with built in growth like it has it should sooner or later start to show it.
dan_s
Posts: 37308
Joined: Fri Apr 23, 2010 8:22 am

Re: DNR

Post by dan_s »

If oil stays over $100, DNR is going to put together some impressive quarters. It is up over 30% YTD, so let's not be too greedy.

I have seen this before. A company makes a major acquisition and then is range bound until the smoke clears. Wall Street analysts are lazy. They don't do the work to see DNR's potential with the Encore assets. It will soon become clear. I have seen more coverage on DNR since their impressive reserve report.
Dan Steffens
Energy Prospectus Group
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