"$DNR - I agree it is low priced due to over all sector hammering although numbers should stack up especially as prices rebound.
Key points to consider:
Denbury is focusing on monetizing stranded oil from depleted oilfields in the United States.
The company achieves this using the large-scale injection and sweep of carbon dioxide ((CO2)) through reservoirs.
Using this technique, Denbury has managed to squeeze out oil from oil fields that have stopped producing from the traditional methods.
Using this injection technique has enabled the company's operating cost to be as low as $23 per barrel, which is why it is expected to survive the drop in oil prices.
It has cut down its capital expenditure by more than 50% to $550 million in 2015. This proactive measure should help the company improve liquidity position, which can be utilized to tap potential opportunities in the future.
It is using 4D Seismic technology in order to enhance its CO2 flooding. This 4D model is improving its reservoir surveillance and geology descriptions. "
Timothy Smith
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