Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
8-K filed
Section 8 – Other Events
Item 8.01 – Other Events
Denbury Resources Inc. (“Denbury” or the “Company”) announced today that in connection with its expected near-term emergence from bankruptcy, the Company plans to change its corporate name to “Denbury Inc.” Additionally, Denbury is currently preparing to list its new common stock in the reorganized Company for trading on the New York Stock Exchange under the ticker symbol “DEN,” and expects trading in its stock to begin shortly following emergence.
About Denbury Resources Inc.
Denbury is an independent oil and natural gas company with operations focused in two key operating areas: the Gulf Coast and Rocky Mountain regions. The Company’s goal is to increase the value of its properties through a combination of exploitation, drilling and proven engineering extraction practices, with the most significant emphasis relating to carbon dioxide enhanced oil recovery (CO2 EOR) operations. For more information about Denbury, please visit www.denbury.com.
Forward Looking Statements
This Current Report on Form 8-K contains forward-looking statements that involve a number of risks and uncertainties, including those detailed in the Company’s filings with the Securities and Exchange Commission, including Denbury’s most recent Form 10-Q and its 2019 Form 10-K. These risks and uncertainties are incorporated by this reference as though fully set forth herein. The forward-looking statements contained herein are based on assumptions that management believes are reasonable based on currently available information; however, management’s assumptions are subject to a wide range of business risks, and subject to the Company’s ability to successfully re-list and begin trading on the New York Stock Exchange. There is no assurance that the Company’s expectations expressed herein can or will be met. Actual results may vary materially. In addition, any forward-looking statements represent the Company’s expectations only as of today and should not be relied upon as representing its expectations as of any future date. Denbury assumes no obligation to update its forward-looking statements.
Funny how DNRC is still an oil play...It spiked today along with my other oil plays.
Be careful guys - JCPNQ ran from .20 to .80 based on false belief that commons would be saved, and then collapsed on the same day when the truth
came out.
if you own this (DNR), consider taking some chips off the table, imo...
Unless otherwise specified therein, the treatment set forth in the Plan and the Confirmation Order will be in full satisfaction of all claims against and interests in Denbury. On the Effective Date, all of Denbury’s existing funded debt will be discharged and all of the Company’s existing common stock will be cancelled and of no further force or effect. As of July 31, 2020, there were 507,063,311 shares of the Company’s existing common stock outstanding.
https://www.otcmarkets.com/filing/html?id=14377909&guid=3Ni6UHeaQYQx_3h
Where do you see commons will survive?
Thanks, not worth taking the risk here! GL
Looks to me like they will. Buy after buy after buy right now
Commons DO NOT SURVIVE - they will get some off the wall B warrants
is commons will survive? if so link please!
Let's take a good look at WLL .
WLL HAD RECENTLY EMERGED FROM CHAPTER 11 .
The following registered management investment companies and exchange-traded funds (ETFs) had Whiting Petroleum Corp (WLL) in their portfolio IN OLD DATE TOO.
https://sec.insider-monitor.com/stock/US9663874090
By diving deep into wll's etfs , then you would know who is in line or who is out of line ?
Where to Find Holdings Information
Institutional investment managers who exercise investment discretion of more than $100 million in securities must report their holdings on Form 13F with the SEC. This form is filed quarterly by institutional investment managers who have a minimum of $100 million in assets under management (AUM) within 45 days of the end of a quarter. Again, you can search for and retrieve Form 13F filings using the SEC's EDGAR database.7? Yahoo Finance also provides a very useful site that details stock ownership. Get a quote of a particular company, and then click the section labeled "Holders" to receive details on the company's institutional holders.
I see, over 10% have to file quickly. Did anyone qualify for that?
They only have to file 13D at end of quarter? Thought it was more time restrictive than that.
institutions file quarterly.
How many of those institutions would have had to file if they unloaded their holdings? Thats the filing you need to find.
it's not an argument. you are mistaken in many of your beliefs and your understanding of straightforward and basic facts about this situation.
I hope you are not risking serious money.
I wish you the best.
I did not wish to argue with you.....
buddy, look at the filing dates. they are all 6/30 or earlier,
this info is now meaningless.
you should try another hobby.
The following registered
management investment companies and exchange-traded funds (ETFs) ARE INCLUDED IN THE 5 HUNDRED SEVEN MILLION SHARES OF OUTSTANDING , WHICH MEANS THEY ARE IN THE SAME BOAT WITH ALL OF US.
https://sec.insider-monitor.com/stock/US2479162081
Blackrock sold all.
.
just as I thought. 2 1/2 months old
Blackrock Inc.06/30/20 49.1M $1.6M 9.69%
your info is most likely outdated.
BlackRock owns 49.1 million shares with position value at $1.6 million.
$1.6 million divide by 49.1 million shares = 0.032 cents.
Why would BlackRock continue to hold 49.1 million shares at the price of 0.032xx cents like the rest of us ?
Didn't they know that 500700000 million of o. S. will be cancelled soon?
BlackRock owns 49.1 million shares with position value at $1.6 million.
49.1 m
A.shares _______= 0.032 cents
$1.6 m
Forfeited...
1. The reported transaction involved the reporting person's voluntary forfeiture of 1,205,049 shares of unvested restricted stock in connection with the issuer adopting a new executive compensation program
Voting classes A and B are part of personal assets that must be separated from chapter 11 bk.
Quote "
Pursuant to their commitment letter, the Company’s existing lenders are providing a debtor-in-possession (“DIP”) revolving loan that will “roll” into an exit facility with up to $615 million in availability."
What is DEBTOR in POSSESSION ?
debtor in possession", The term refers to a debtor that keeps possession and control of its assets while undergoing a reorganization under Chapter 11
https://www.globenewswire.com/Index
He disposed 1.2 xx million shares then he compensate 1375055 as new one.
On 6-26-2019 , he bought 100000 shares on his own cash at $1.25 .
On 3-26-2019, he bought 150000 shares from his own pocket at $2.00 per share.
Those shares that he still hold is still there.
I believe he forfeited those shares.
.
Question?
Let's pretending that shares of voting classes A and B will be wiped out.
If that is so, why did president of dnrcq compensate himself with 1375509 shares of common stock on 6-30-2020?
Didn't he know that shares will be wiped out.?
Ain't that the truth.
man, you have no idea what you are talking about....
On Sept 15, when exiting bk ; all of these put open interest will provide more cash flowing to pps , higher and higher.
Call open interest vs put open interest. !!
Call open interest are/is much highest than put open interest.
Call open interest is betting on upside while put open interest is betting on wiping out all voting classes (A and B)
Quote "The Plan received the overwhelming support of the Company’s stakeholders, receiving high consensus across all voting classes"
Shares owned by insiders are part of voting class B (common stock)
Shares owned by institutions are part of voting class A (common stock)
https://www.filingsearch.com/omp/20200948816/ex
This is telling us that more liquidity (more cash) flowing to pps when exiting bk.
These are schedule 13D , common stock class A
https://sec.insider-monitor.com/13D/cik/945764
The following registered management investment companies and exchange-traded funds (ETFs) had Denbury Resources Inc (DNR COMMON STOCK)in their portfolio at the time when they filed the latest portfolio reports (Form N-PORT) with the U.S. Securities and Exchange Commission (SEC). Also see Insider Trading at DNR.
https://sec.insider-monitor.com/stock/US2479162081
When is the effective date?
Unless otherwise specified therein, the treatment set forth in the Plan and the Confirmation Order will be in full satisfaction of all claims against and interests in Denbury. On the Effective Date, all of Denbury’s existing funded debt will be discharged and all of the Company’s existing common stock will be cancelled and of no further force or effect.
Thanks will stay away
I bought at .029, so I'm sitting good right now. I'm out by Friday tho.
They are being converted to B warrants.
https://www.sec.gov/Archives/edgar/data/945764/000094576420000064/dnr-20200728x8kex101.htm
Unfortunately, they aren't worth shit folks... I sold and took a big hit.
https://seekingalpha.com/article/4362669-denbury-resources-common-shares-are-worth-close-to-zero#:~:text=Series%20B%20Warrants&text=If%20the%20plan%20is%20rejected,notes%20(including%20accrued%20interest).
Good luck all.
.
Followers
|
53
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
1989
|
Created
|
12/08/06
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |