Denbury Resources: Beating Expectations As Expected [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
Company Research
Source: Seeking Alpha
Summary The Company Basics Denbury Resources (NYSE: DNR ) is an independent oil and natural gas company with approximately 260 MMBOE of oil and natural gas reserves. Of that, more than 95% is oil. Approximately 60% of its production comes from CO 2 enhanced oil recovery. Denbury last reported a $2.5 billion PV-10 Value at the end of 2017, up $1 billion in a 1-year period. It's important to note that this value was reported 6 months ago*. Denbury Resources reported its second-quarter 2018 today, and it topped analyst estimates once again. Some key figures released in the report include: A net income of $30 million $0.13 EPS opposed to analyst estimates of $0.11 and $0.10 61,994 BOE production in Q2 $189 million debt reduction. Investment Thesis Denbury Resources has done a consistent job with its oil production in recent months. Future projects and projections in areas such as Mission Canyon make the company a convincing long-term buy. Combined with
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