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Denbury Resources Inc (DNR.N)

DNR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Denbury Q3 Earnings Per Share $0.17
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Denbury Resources Inc ::DENBURY REPORTS THIRD QUARTER 2018 RESULTS.Q3 EARNINGS PER SHARE $0.17.Q3 EARNINGS PER SHARE VIEW $0.11 -- THOMSON REUTERS I/B/E/S.Q3 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.13.QTRLY TOTAL PRODUCTION 59,181 BOE/D VERSUS 61,994 BOE/D.QTRLY REVENUES AND COMMODITY DERIVATIVE SETTLEMENTS COMBINED $326 MILLION VERSUS $266 MILLION.DENBURY RESOURCES - AVERAGE REALIZED OIL PRICE DURING Q3 2018 WAS $1.84/BBL ABOVE NYMEX OIL PRICES, VERSUS $0.34/BBL BELOW NYMEX IN Q3 2017.DENBURY RESOURCES - 2018 CAPITAL BUDGET, EXCLUDING ACQUISITIONS & CAPITALIZED INTEREST, EXPECTED TO BE IN UPPER HALF OF $300 MILLION TO $325 MILLION.ESTIMATED 2018 PRODUCTION IS CURRENTLY EXPECTED TO BE BETWEEN 60,100 AND 60,600 BOE/D.  Full Article

Penn Virginia To Pay Denbury/ Denbury To Pay Penn Virginia $45 Mln, Upon Termination Of Deal
Monday, 29 Oct 2018 

Oct 29 (Reuters) - Denbury Resources Inc ::PENN VIRGINIA SAYS UPON TERMINATION OF DEAL WITH DENBURY UNDER CERTAIN CIRCUMSTANCES, CO TO PAY DENBURY/ DENBURY TO PAY CO $45 MILLION - SEC FILING.  Full Article

Denbury To Acquire Penn Virginia In $1.7 Billion Transaction
Monday, 29 Oct 2018 

Oct 28 (Reuters) - Denbury Resources Inc ::DENBURY TO ACQUIRE PENN VIRGINIA IN $1.7 BILLION TRANSACTION.DENBURY - CONSIDERATION WILL CONSIST OF 12.4 SHARES OF DENBURY COMMON STOCK AND $25.86 OF CASH FOR EACH SHARE OF PENN VIRGINIA COMMON STOCK.DEAL IMMEDIATELY ACCRETIVE TO CASH FLOW PER SHARE AND OTHER KEY PER-SHARE METRICS.TRANSACTION WAS UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF EACH COMPANY.INTENDS TO FINANCE TRANSACTION WITH A COMBINATION OF EQUITY, DEBT AND CASH ON HAND..HAS RECEIVED FINANCING COMMITMENT LETTER FROM JPMORGAN CHASE BANK, N.A. FOR NEW $1.2 BILLION SENIOR SECURED BANK CREDIT FACILITY.  Full Article

Denbury Announces Amendment And Extension Of Bank Credit Facility
Tuesday, 14 Aug 2018 

Aug 14 (Reuters) - Denbury Resources Inc ::DENBURY ANNOUNCES AMENDMENT AND EXTENSION OF BANK CREDIT FACILITY.DENBURY RESOURCES - AMENDMENT EXTENDS MATURITY DATE OF CREDIT FACILITY BY TWO YEARS, TO DECEMBER 2021.DENBURY RESOURCES INC - UNDER AMENDMENT COMMITMENT BY BANKS HAS BEEN REDUCED TO $615 MILLION.  Full Article

Denbury Reports Q1 Adj. Earnings Per Share $0.12
Tuesday, 8 May 2018 

May 8 (Reuters) - Denbury Resources Inc ::DENBURY REPORTS FIRST QUARTER 2018 RESULTS; ANNOUNCES SUCCESSFUL ADDITIONAL MISSION CANYON WELLS.Q1 EARNINGS PER SHARE $0.09.Q1 EARNINGS PER SHARE VIEW $0.11 -- THOMSON REUTERS I/B/E/S.Q1 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.12.PRODUCTION OF 60,338 BARRELS OF OIL EQUIVALENT PER DAY IN Q1 2018.ADJUSTED CASH FLOW FROM OPERATIONS OF $125 MILLION FOR Q1 2018.BANK CREDIT FACILITY BORROWING BASE REAFFIRMED AT $1.05 BILLION.DENBURY'S ESTIMATED 2018 PRODUCTION IS UNCHANGED FROM PREVIOUSLY DISCLOSED RANGE OF 60,000 TO 64,000 BOE/D.DENBURY - 2018 CAPITAL BUDGET, EXCLUDING ACQUISITIONS & CAPITALIZED INTEREST, REMAINS UNCHANGED FROM PREVIOUSLY ESTIMATED RANGE.  Full Article

Denbury Announces Entry Into Note Exchange Agreements
Thursday, 30 Nov 2017 

Denbury Resources Inc ::DENBURY ANNOUNCES ENTRY INTO NOTE EXCHANGE AGREEMENTS.DENBURY RESOURCES INC - NEW SECOND LIEN NOTES WILL MATURE ON MARCH 31, 2022 AND WILL BEAR INTEREST AT A RATE OF 9.25% PER ANNUM PAYABLE IN CASH.DENBURY RESOURCES INC - NEW CONVERTIBLE NOTES WILL MATURE ON MARCH 31, 2024 AND WILL BEAR INTEREST AT A RATE OF 3.50% PER ANNUM PAYABLE IN CASH.DENBURY RESOURCES - NEW NOTES CONSIST OF ABOUT $382 MILLION IN PRINCIPAL AMOUNT OF NEW 9¼% SENIOR SECURED SECOND LIEN NOTES DUE 2022.DENBURY RESOURCES - NEW NOTES ALSO CONSIST ABOUT $85 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF NEW 3½% CONVERTIBLE SENIOR NOTES DUE 2024.DENBURY RESOURCES - EXCHANGE AGREEMENTS WITH HOLDERS OF ABOUT $610 MILLION OF ITS OUTSTANDING SENIOR SUBORDINATED NOTES DUE 2022 AND 2023.DENBURY RESOURCES INC - AGREEMENTS WITH HOLDERS TO EXCHANGE OLD NOTES FOR APPROXIMATELY $466 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF "NEW NOTES".DENBURY- ‍PURSUANT TO EXCHANGE AGREEMENTS, CO TO EXCHANGE NEW NOTES FOR ABOUT $364 MILLION OF ITS 2022 NOTES REDUCING OUTSTANDING 2022 NOTES TO $409 MILLION​.DENBURY- ‍PURSUANT TO EXCHANGE AGREEMENTS, CO TO EXCHANGE NEW NOTES FOR ABOUT $246 MILLION OF ITS 2023 NOTES REDUCING OUTSTANDING 2023 NOTES TO $377 MILLION​.  Full Article

Denbury reports Q3 production of 60,328 boed
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Denbury Resources Inc ::Denbury reports third quarter 2017 results; announces reaffirmation of $1.05 billion borrowing base.Q3 earnings per share $0.00.Q3 earnings per share view $0.01 -- Thomson Reuters I/B/E/S.Q3 adjusted non-gaap earnings per share $0.04 excluding items.Denbury Resources Inc - ‍expect production to further increase in q4​.Denbury Resources Inc qtrly ‍revenues $266 million versus $246 million​.Denbury Resources - production for current quarter was reduced by about 2,000 boe/d due to hurricane harvey​.Denbury Resources - ‍production averaged 60,328 barrels of oil equivalent per day during q3 of 2017, up 1 pct (554 boe/d) from q2 of 2017​.Denbury Resources - 2017 capital budget, excluding acquisitions and capitalized interest, remains unchanged from previously estimated amount.Denbury Resources - ‍prior to Hurricane Harvey, co was on track to meet midpoint of 60,000 boe/d to 62,000 boe/d fy production outlook.Denbury Resources - ‍expects 2017 production to fall within, but in lower half of previous guidance range​.  Full Article

Chesapeake Energy shares tumble on $4-billion WildHorse deal

Chesapeake Energy Corp on Tuesday agreed to buy Texas oil producer WildHorse Resource Development Corp in a nearly $4 billion (3.1 billion pounds) cash-and-stock deal that knocked down the natural gas producer's shares by more than 12 percent.