Thread regarding Denbury Resources Inc. layoffs

How high does gas/oil have to get before Denbury starts hiring???

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| 2001 views | | 2 replies (last April 14, 2016) | Reply
Post ID: @OP+GUCmmtm

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I don't think a CO2 pipeline can be built for oil less than $$70-80, a plant for less than $60 @ todays debt level.

Oil investment money is gone and it will return to frac's well before CO2.

Debt is ever increasing and that will add to pipelines and facilities start up dates.

Don't forget much higher interest rates without reserves replacement and no real growth plans for 3-5 years.

Looking at the recent deals in the market, I think you have plenty of time to complete your MBA and/or change directions before any real hiring of anyone other than replacements occurs.

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Post ID: @vfm+GUCmmtm

Funny question!! I still believe they are hiring, just selective group of friends and family.

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Post ID: @hhl+GUCmmtm

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