DNR = Free Cash Flow
Posted: Sun Oct 13, 2013 7:57 pm
Read this: http://www.fool.com/investing/general/2 ... -mind.aspx
According to my forecast model, if WTI stays over $100/bbl, DNR should be generating a lot of free cash flow next year. Since Denbury sells most of their oil into the Gulf Coast market, they get near Brent pricing already. Brent was trading at over $110/bbl all last week.
According to my forecast model, if WTI stays over $100/bbl, DNR should be generating a lot of free cash flow next year. Since Denbury sells most of their oil into the Gulf Coast market, they get near Brent pricing already. Brent was trading at over $110/bbl all last week.