DENBURY RESOURCES PROVIDES OPERATIONAL AND FINANCIAL UPDATE
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: GlobeNewswire
Actions to Preserve and Enhance Liquidity Include:- Reducing 2020 Capital Budget by $80 Million, or 44%- Deferring Cedar Creek Anticline Development Project- Restructuring HedgesIntention to Seek Stockholder Approval of Reverse Stock Split PLANO, Texas, March 31, 2020 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today provided an update on the Company’s response to recent developments, including the COVID-19 pandemic, macroeconomic uncertainty, and the decline in oil prices. Chris Kendall, Denbury’s President and CEO, commented, “Our unique portfolio of high quality, low decline assets allows us to swiftly adjust to changes in market conditions, including changes as significant as those we have experienced over the last few weeks. In addition to significantly reducing capital spending, we expect to meaningfully reduce Denbury’s LOE and G&A expenses, which, combined with proceeds from our previously announced working interests sale
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