Denbury Resources Inc. (fka DNRCQ)

[MovedOn]

Very familiar with DNR....go to their website and pull the presentation. You'll learn a lot.

Major Pro: reduced production costs substantially lately by optimizing fields and closing the ones that are too costly.

Major CON: A lot of debt...over $3B. Possibly very low on hand cash to work with.

Trade this as if you're trade the price of oil. I made a lot of money on DNR...was buying all the way down to a buck and sold most of it in the high $3 and low $4s last 2 months.

IMO, oil is headed to the high $30s or low $40s as the summer wears on, so I'll get back in when DNR is in the mid $2s. They should have a good 2nd QTR in their August QTRLY financial results, may be a good idea to get in just a few days before.