It's sad when shareholders rejoice at news of layoffs. So many overpaid managers who still receive bonuses in Denbury, but hey, that's not the issue, it's the regular employees who are the true leaches! Damn it, this makes me angry...
https://seekingalpha.com/article/4099664-layoffs-give-shareholders-hope-denbury-survival
Watch for Oxy, Hess, Chevron buyout of DNR when stock goes below $1. The deal finances itself!
Original post is not too far fetched now.. is it?
RIP Denbury.
After reading that article the RIF people might have been lucky. Sounds as if there might not be money for severance if the bank pulls the credit line.
Agree with everything you said exept with the street rejoicing. Stock just closed at $1.16 Share holders have nothing to celebrate.. if anything management should be ashamed of what they have done to investors. Better not go there..