http://www.fool.com/investing/general/2 ... mpany.aspx
Video explains why Denbury Resources is a Strong Buy at today's price.
Denbury's CEO will be speaking at our luncheon in Houston on Tuesday, October 23. Seating is limited to 120, so sign up early.
DNR
Re: DNR
Denbury Resources is one of the most attractive energy investments in the market today. That's why they're buying more shares for their real-money portfolio. Unlike ExxonMobil and Chevron, which are diversified energy companies, Denbury Resources is a specialist. Denbury uses carbon dioxide to extract oil from older oil fields, whereas traditional E&Ps need to find the oil and drill wells. Denbury is the second largest tertiary recovery company behind Occidental Petroleum and ahead of Kinder Morgan. Denbury trades at a very attractive price today. It has 20-plus years' worth of CO2 and more than 1 billion PPP reserves, yet David estimates it trades at a significant discount to its net asset value. It's not often the market offers such a strong company at bargain prices.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group