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DNR
Posted: Tue Nov 05, 2013 9:23 pm
by dan_s
PLANO, Texas, Nov. 5, 2013 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (DNR) ("Denbury" or the "Company") today announced adjusted net income (a non-GAAP measure)(1) of $165 million for the third quarter of 2013, or $0.45 per diluted share.
Beat my EPS forecast by 6 cents for the quarter.
I will update my forecast model on Wednesday morning.
Re: DNR
Posted: Wed Nov 06, 2013 11:36 am
by dan_s
"Denbury generated over $1 billion of cash flow from operations during the nine months ended September 30, 2013, and currently expects cash flow from operations to exceed capital expenditures in 2013."
I believe DNR's free cash flows will continue to ramp up. They have an aggressive stock repurchase program underway.
Re: DNR
Posted: Wed Nov 06, 2013 11:54 am
by dan_s
Denbury Resources (DNR): An updated Net Income & Cash Flow Forecast model has been posted under the Sweet 16 Tab.
This one is a "Screaming Buy" under $20/share.
They have an Analyst Day in Houston on Monday that I will be attending. It should generate a lot of attention from the Wall Street gang.