$$$ Denbury Acquisition

Exxon Mobil considers buying energy company Denbury

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Oct 10 (Reuters) - Oil major Exxon Mobil Corp is considering acquiring Denbury Inc, Bloomberg News reported on Monday, citing people familiar with the matter.

Shares of Plano, Texas-based energy company Denbury rose 8% on the report.

Exxon has expressed preliminary interest in Denbury, but no final decision has been made, the report said, adding the oil major could opt against proceeding with a potential deal.

Denbury was exploring options including a sale, Bloomberg reported in August.

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I hope management learned from the XTO acquisition.

Don’t buy reserves during a high price environment.
Don’t buy production that XOM cannot operate at a low price.
Don’t buy technology, you can spend a small amount of money or shares to buy expertise.

@mpl+1j8hqqfq If true, this is the only reason that makes sense. And would be another reason to flee the Tiger without a tank.

Make sure you fire everyone on EAM in dinglebury

How many subsidies and write-offs did Dinglebury get over last 5 years?
That's the criterion.

Dump aging assets and loyal employees. Go to low cost centers. Save up war chest to buy something else. It’s just all business.

Denbury owns the CO2 pipeline. Looks like XOM wants to buy into infrastructure.

Who????? Why aren’t we trying for Hess, COP or even Marathon?

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$$$ Denbury Acquisition

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