Replies to post #763 on Denbury Resources Inc. (fka DNRCQ)

[MovedOn]

Good for you. DNR has treated me well; in fact, it's been the best of all my investments since I got back into the market in the fall of last year. I was leveraging that the price of oil was going to bottom out in November; needless to say I was off a few months; things were looking bad for a while, but I kept pumping more money in and chasing O&G stocks down like Denbury all the way down to a buck. I started buying DNR at $3-4 in November and chased it all the way down to where I was buying it when it reached a $1. I was really hurting and questioning my sanity last February, but I knew it was only a matter of time before oil started to recover. I failed at a few O&G lottery tickets that filed Chap 11, but also got out of a few before they did. So I've been all over the board and have now cashed in profits and looking to make more. So all is good, just wish I started in January instead of November. Denbury's a great company, they are a key client of my company so I know them through and through.

[MovedOn]

Not sure why DNR is taking quite the pounding today...yes oil and most energy stocks are down, but not to justify 8%...more like 2-4%.

That's one thing I do not like about Denbury is that it's stock is extremely fickle and they PR very little. On the positive side, they have a great CEO.

[MovedOn]

I just got out again. Can't handle the major drops as of late. Took a minor loss this go around. DNR is just so sensitive to a drop in oil price lately and I think that's due to a number of analysts calling it way overbought.

Plus the Rig count report is due out in the hour and if it has a double digit increase, watch out oil stocks cause oil prices will be heading further south.