Thread regarding Denbury Resources Inc. layoffs

Sold!Sold!Sold!

Who will it be?

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| 2971 views | | 16 replies (last July 13, 2023) | Reply
Post ID: @OP+1imMs72q

16 replies (most recent on top)

In reality...we got no price bump since they just bought us for our inflated stock price. Oh well.

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Post ID: @5erzf+1imMs72q

Hey @xag - you predicted it two months ago (August) - Kudos.

10% stock price jump today.

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Post ID: @Mlbc+1imMs72q

Big news indeed. Exxon it is...

Started a thread on EM's site - @OP+1j8hqqfq

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Post ID: @Meqq+1imMs72q

Like I said, big news. Exxon it is.

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Post ID: @Mtos+1imMs72q

No one wants to buy these fields. Lol. They should try and find someone to buy that money trap Riley Ridge.

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Post ID: @Hcre+1imMs72q

Haha ok, end of yr or next yr or in 5 yrs

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Post ID: @Hmup+1imMs72q

Big news coming soon.

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Post ID: @Gkra+1imMs72q

Bill D from True is probably salivating to get Hartzog back

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Post ID: @Abyi+1imMs72q

Most likely is Hartzog Draw, that’s the only field that doesn’t fit their portfolio.

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Post ID: @zjay+1imMs72q

Gotta be a little more specific than that. That’s a lot of possibilities.

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Post ID: @zuqf+1imMs72q

True oil is looking at the Rocky Mountain assets

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Post ID: @zuir+1imMs72q

Denbury sold and shut down would be sweet irony. Mothball the ship she’s adrift

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Post ID: @3cra+1imMs72q

Last time I checked for something to be Sold!Sold!Sold! there first has to be a Purchase and Sale Agreement, which has not been made public IF there is one. Then the due diligence period and then closing, which could take six months up to two years.

But before all of this you need a willing buyer of unestablished and yet to be determined cash flow based on a government subsidy, that would also come with huge plugging liabilities of depleted fields (no large scale P-D upside). Good luck with that.

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Post ID: @3zsw+1imMs72q

Exxon?!?!? Conoco?!?!? Come on big money no whammy!!!!

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Post ID: @xag+1imMs72q

You’ll always have a 50% chance of being right with comments like that. Since you don’t mind those odds, you should had been a weather man.

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Post ID: @qyz+1imMs72q

Me

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Post ID: @tgs+1imMs72q

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