Showing posts with label Denbury Resources. Show all posts
Showing posts with label Denbury Resources. Show all posts
Tuesday, October 16, 2012
Denbury (DNR) (GUY) (BNP) (PBKEF) (PDG) (TALV) Ratings Changes
Denbury Resources Inc. (DNR), Guyana Goldfields Inc. (GUY), Bonavista Energy (BNP), Petrobakken Energy LTD A (PBKEF), Prodigy Gold (PDG), Talvivaara Mining Co (TALV) had ratings on them adjusted by analysts.
Susquehanna upgraded Denbury Resources Inc. (DNR) from a "Neutral" rating to a "Positive" rating.
BMO Capital Markets upgraded Guyana Goldfields Inc. (GUY) from a "Market Perform" rating to an "Outperform" rating.
RBC Capital downgraded Bonavista Energy (BNP) from an "Outperform" rating to a "Sector Perform" rating.
Barclays Capital downgraded Petrobakken Energy LTD A (PBKEF) from an "Overweight" rating to an "Equal-Weight" rating.
Haywood Securities downgraded Prodigy Gold (PDG) from an "Outperform" rating to a "Tender" rating.
Swedbank downgraded Talvivaara Mining Co (TALV) to a "Neutral" rating.
Thursday, September 20, 2012
Exxon Mobil (XOM) Acquiring More Bakken Assets
Exxon Mobil Corp. (NYSE: XOM) announced it is acquiring $1.6 billion more in assets held by Denbury Resources Inc. (NYSE: DNR) in the Bakken oil field in Montana and North Dakota.
The acquisition represents all of the shale assets held by Denbury in the Bakken field. In addition to the $1.6 billion, which will be paid in cash, Denbury will receive the interest held by Exxon in two fields in Texas and Wyoming.
Denbury had held 196,000 acres in the Bakken, which will bring the total owned by Exxon to just under 600,000 acres in the region.
The immediate benefit to Exxon will be production on the acreage will add about 15,000 barrels of oil and other hydrocarbons a day to their production, with all of that coming on the land they're acquiring.
This will increase as they boost drilling on the acreage. It adds approximately 3 percent to its oil production in the U.S.
As for North Dakota, they have quickly become the second-largest oil producer state in the United States.
Denbury was trading at $17.45, up $0.74, or 4.40 percent, as of 12.03 PM EDT. Exxon was trading at $91.16, up 0.59, or 0.65 percent.
The acquisition represents all of the shale assets held by Denbury in the Bakken field. In addition to the $1.6 billion, which will be paid in cash, Denbury will receive the interest held by Exxon in two fields in Texas and Wyoming.
Denbury had held 196,000 acres in the Bakken, which will bring the total owned by Exxon to just under 600,000 acres in the region.
The immediate benefit to Exxon will be production on the acreage will add about 15,000 barrels of oil and other hydrocarbons a day to their production, with all of that coming on the land they're acquiring.
This will increase as they boost drilling on the acreage. It adds approximately 3 percent to its oil production in the U.S.
As for North Dakota, they have quickly become the second-largest oil producer state in the United States.
Denbury was trading at $17.45, up $0.74, or 4.40 percent, as of 12.03 PM EDT. Exxon was trading at $91.16, up 0.59, or 0.65 percent.
Friday, September 7, 2012
CF (CF) (DNR) (ANV) (BRD) (EOG) (SUN) (TLM) Ratings Changes
CF Industries Holdings Inc (CF), Denbury Resources Inc. (DNR), Allied Nevada Gold Corp (ANV), Brigus Gold (BRD), EOG Resources (EOG), Sunoco, Inc. (SUN) and Talisman Energy (TLM) had ratings on them adjusted by analysts.
Feltl & Co. upgraded CF Industries Holdings Inc (CF) from a "Buy" rating to a "Strong-Buy" rating.
Sterne Agee upgraded Denbury Resources Inc. (DNR) from a "Neutral" rating to a "Buy" rating. They have a price target of $20.00 on the company.
Macquarie downgraded Allied Nevada Gold Corp (ANV) from a "Neutral" rating to an "Underperform" rating.
Global Hunter Securities downgraded Brigus Gold (BRD) from an "Accumulate" rating to a "Neutral" rating.
Societe Generale downgraded EOG Resources (EOG) from a "Buy" rating to a "Hold" rating.
Citigroup (C) downgraded Sunoco, Inc. (SUN) from a "Buy" rating to a "Neutral" rating. They have a price target of $51.00 on the company.
Societe Generale downgraded Talisman Energy (TLM) from a "Hold" rating to a "Sell" rating.
Feltl & Co. upgraded CF Industries Holdings Inc (CF) from a "Buy" rating to a "Strong-Buy" rating.
Sterne Agee upgraded Denbury Resources Inc. (DNR) from a "Neutral" rating to a "Buy" rating. They have a price target of $20.00 on the company.
Macquarie downgraded Allied Nevada Gold Corp (ANV) from a "Neutral" rating to an "Underperform" rating.
Global Hunter Securities downgraded Brigus Gold (BRD) from an "Accumulate" rating to a "Neutral" rating.
Societe Generale downgraded EOG Resources (EOG) from a "Buy" rating to a "Hold" rating.
Citigroup (C) downgraded Sunoco, Inc. (SUN) from a "Buy" rating to a "Neutral" rating. They have a price target of $51.00 on the company.
Societe Generale downgraded Talisman Energy (TLM) from a "Hold" rating to a "Sell" rating.
Thursday, February 9, 2012
Niska (NKA) (APC) (CRK) (CVG) (SWI) (DNR) (MMP) Ratings, Price Targets
Niska Gas Storage (NYSE: NKA), Anadarko Petroleum (NYSE: APC), Comstock Resources (NYSE: CRK), Convergys Co. (NYSE: CVG), SolarWinds, Inc. (NYSE: SWI), Denbury Resources Inc. (NYSE: DNR) and Magellan Midstream (NYSE: MMP) had ratings and price targets on them adjusted by analysts.
Anadarko Petroleum (APC) had its price target raised by Jefferies Group (NYSE:JEF) to $99.00.
Comstock Resources (CRK) had its price target lowered by Oppenheimer (NYSE:OPY) from $30.00 to $25.00. They have an “Outperform” rating on the company.
Convergys Co. (CVG) had its price target raised by Oppenheimer from $14.00 to $15.00. They have an “Outperform” rating on the company.
SolarWinds, Inc. (SWI) had its price target raised by Needham & Company from $36.00 to $44.00. They have a “Buy” rating on the company.
SolarWinds, Inc. (SWI) had its price target raised by Jefferies Group to $42.00.
Denbury Resources Inc. (DNR) was downgraded by Susquehanna from a “Positive” rating to a “Neutral” rating.
Niska Gas Storage (NKA) was downgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Underperform” rating.
Magellan Midstream (MMP) was upgraded by Ladenburg Thalmann from a “Neutral” rating to a “Buy” rating. They have a price target of $75.00 on the company, up from $67.50.
Anadarko Petroleum (APC) had its price target raised by Jefferies Group (NYSE:JEF) to $99.00.
Comstock Resources (CRK) had its price target lowered by Oppenheimer (NYSE:OPY) from $30.00 to $25.00. They have an “Outperform” rating on the company.
Convergys Co. (CVG) had its price target raised by Oppenheimer from $14.00 to $15.00. They have an “Outperform” rating on the company.
SolarWinds, Inc. (SWI) had its price target raised by Needham & Company from $36.00 to $44.00. They have a “Buy” rating on the company.
SolarWinds, Inc. (SWI) had its price target raised by Jefferies Group to $42.00.
Denbury Resources Inc. (DNR) was downgraded by Susquehanna from a “Positive” rating to a “Neutral” rating.
Niska Gas Storage (NKA) was downgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Underperform” rating.
Magellan Midstream (MMP) was upgraded by Ladenburg Thalmann from a “Neutral” rating to a “Buy” rating. They have a price target of $75.00 on the company, up from $67.50.
Monday, March 8, 2010
Denbury Resources (NYSE: DNR): Used Oil Fields
Denbury Resources Making Money from Abandoned Oil Fields
Denbury Resources (NYSE: DNR) is an interesting oil play because they make money from oil in a very different way than most of their energy counterparts.
What Denbury does is buy up abandoned or used oil fields which no longer profitably produced for their original owners, and tap into the oil left for a profit.
The reason this works is they take carbon dioxide and inject into the wells which increases the output.
The competitive advantage Denbury has is it has a source of inexpensive carbon dioxide which allows them to produce the oil at a far less expensive price than most, if not all, of their competitors. They also have significant carbon dioxide reserves to work with.
Costs to extract the oil is estimated to be about $5 to $10 a barrel, making it a great operational and cost-efficient process for them. That means their profits will be higher over the long haul.
Denbury should be considered a long-term play, and it should pay off for those investors in oil with that type of outlook.
Denbury Resources Making Money from Abandoned Oil Fields
Denbury Resources (NYSE: DNR) is an interesting oil play because they make money from oil in a very different way than most of their energy counterparts.
What Denbury does is buy up abandoned or used oil fields which no longer profitably produced for their original owners, and tap into the oil left for a profit.
The reason this works is they take carbon dioxide and inject into the wells which increases the output.
The competitive advantage Denbury has is it has a source of inexpensive carbon dioxide which allows them to produce the oil at a far less expensive price than most, if not all, of their competitors. They also have significant carbon dioxide reserves to work with.
Costs to extract the oil is estimated to be about $5 to $10 a barrel, making it a great operational and cost-efficient process for them. That means their profits will be higher over the long haul.
Denbury should be considered a long-term play, and it should pay off for those investors in oil with that type of outlook.
Denbury Resources Making Money from Abandoned Oil Fields
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