Replies to post #1226 on Denbury Resources Inc. (fka DNRCQ)

[tdbowieknife]

The uncertainty is killing the mojo...

Denbury Resources enters 2019 with lots of uncertainty. One of the company's largest investors is actively working to scuttle the deal with Penn Virginia, which leaves it in a bit of a "strategic limbo," according to analysts. While the transaction would boost the company's balance sheet and cash flow, there is lots of execution risk since these companies operate different types of assets. However, if Denbury removes this uncertainty and oil prices rebound, then shares could bounce back big-time in 2019. But if crude resumes its slide, Denbury's stock will likely follow.

https://finance.yahoo.com/news/why-denbury-resources-went-rocketing-203900050.html

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