Where Will Denbury Resources Be in 5 Years? [The Motley Fool]
DENBURY RESOURCES (DNR)
Last denbury resources earnings: 2/25 06:30 am
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Source: The Motley Fool
Where Will Denbury Resources Be in 5 Years? Reuben Gregg Brewer ( TMFReubenGBrewer Sep , 09 at :0AM In April, energy player Denbury Resources NYSE:DNR a deal to merge Penn Virginia NASDAQ:PVAC Well, that didn't work Denbury's focus is on injecting carbon dioxide into the group to enhance the output of oil wells. It's an older technique that works well with traditional oil wells. Penn Virginia was focused on fracking, which involves pumping water, sand, and chemicals into a well to break rock up and free oil. They are very different ways to extract this vital energy source from the ground. Image source: Getty Images. Denbury's thought in merging with Penn Virginia was twofold. First, it believed it would try using its carbon dioxide techniques with fracked wells. And second, putting the two companies' balance sheets the big near-term goals It's been several months since the Penn Virginia deal fell apart, and management is now talking about the longer term a bit more. So it's a good tim
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