Denbury Resources says Q4 production inched higher [Seeking Alpha]
DENBURY RESOURCES (DNR)
Last denbury resources earnings: 2/25 06:30 am
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US:NYSE Investor Relations:
denbury.com/investor-relations/investor-presentations-and-webcasts/default.aspx
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Source: Seeking Alpha
Denbury Resources says Q4 production inched higherDenbury Resources (NYSE:DNR)+2.9% premarket after anoperational update shows Q4 production surpassing 61K boe/day, up 1% Q/Q and in-line with expectations, and FY 2017 production falling 4% Y/Y to 60,298 boe/day.DNR says year-end 2017 proved reserves totaled 260M boe, a 127% replacement of annual production, and year-end preliminary PV-10 value was $2.5B, up from $1.5B at year-end 2016DNR anticipates 2018 development capex of $300M-$325M after spending $241M in 2017, with production estimated at 60K-64K boe/day.See all stocks on the move »Now read:Denbury Resources Is Skiing Down A Slippery Slope »
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