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...The Denbury deal confirms its interest in the controversial technology. Three years ago, Denbury filed for bankruptcy....
...Texas-based Denbury has also emerged as a big beneficiary of the generous carbon capture tax credits on offer in President Joe Biden’s sweeping climate bill....
...Denbury envisions itself transforming into a big player in carbon capture and storage to capitalise on new IRA tax credits....
...The move to file for bankruptcy had been expected by many in the market, after Denbury skipped a large interest payment earlier this month....
...FT) GE to sell Baker Hughes stake within 3 years to bolster balance sheet (FT) Britain should shed light on its OneWeb gamble (FT) BDO fined by UK audit watchdog for first time (FT) US oil producer Denbury...
...However, Denbury Resources had its limit cut 30 per cent to $1.05bn. Calgary-based Lightstream Resources had its borrowing base cut from C$550m to C$250m, less than the C$371m it had outstanding....
...Investors holding debt sold by Whiting Petroleum, Denbury Resources, Oasis Petroleum and Continental Resources have rebounded, with Continental bonds due in 2022 completely reversing losses recorded in December...
...Denbury Resources bonds that mature in 2022 have slid to 34 cents on the dollar from 98 cents last June, yielding 29 per cent....
...The highest-cost producers were Breitburn Energy Partners and Denbury Resources, at about $70, according to Moody’s, the rating agency responsible for the study....
...Better than expected fourth-quarter results pushed shares of Ann Inc 8 per cent higher to $40.45. Ann reported a profit of $262m or 1 cent share, on sales of $647.4m....
...Shares of Denbury Resources fell more than 9 per cent to $6.47, as the company kept its current dividend rate unchanged for the first quarter of 2015, instead of increasing it to the previously planned $0.40...
...Diamond Offshore Drilling, down 9 per cent to $33.99, Denbury Resources, down 8 per cent to $7.30, and Noble Energy, down 10 per cent to $42.39, were the worst-performing energy stocks on the US benchmark...
...Denbury Resources, a producer of petroleum products, was the worst performing stock on the US benchmark, down more than 15 per cent to $8.26, after analysts at Ladenburg downgraded the stock from “buy” to...
...Shares of Denbury Resources climbed more than 12 per cent to $7.75, while shares of Chesapeake Energy advanced 7 per cent to $20.52....
...The credit rating agency also put nine more companies on a negative outlook for possible future downgrades, including Whiting Petroleum, Denbury Resources, Halcon Resources and SandRidge Energy....
...Shares in Denbury Resources rose 5.2 per cent to $17.76, while ConocoPhillips shares were 0.9 per cent higher at $59.03....
...Meanwhile, the 4.6 per cent coupon on Denbury’s 10.5-year notes became a record low for subordinated paper. Overall, sales of junk-rated bonds started the year on a strong footing....
...In the US, where nearly $60bn worth of deals made it the best start to a year ever, Tenet Healthcare and Denbury Resources issued a combined $2bn worth of “junk” bonds below the 5 per cent threshold, establishing...
...Denbury Resources fell 0.7 per cent to $16.52, Newfield Exploration lost 2.4 per cent to $33.44 and Murphy Oil Corp declined 1.3 per cent to $54.12....
...Denbury saw fourth-quarter profits easily beat analyst expectations, thanks to strong oil output from the Bakken shale play in North Dakota....
...A sharp drop in crude oil prices weighed on energy producers with Denbury Resources falling 4.3 per cent to $18.76 as the S&P energy index fell 1.6 per cent....
Strong US data buoy markets
...Denbury Resources climbed 4.4 per cent to $17.82, while ExxonMobil was up 1 per cent to $85.69 and Chevron climbed 0.6 per cent to $106.72....
...Driller and oilfield services provider Nabors Industries jumped 9.7 per cent to $19.02 for the best performance in the S&P 500 and oil producer Denbury Resources climbed 7.9 per cent to $16.29....
...Domestic oil and gas company Denbury Resources gained 9.6 per cent to $12.84 and metallurgical coal exporter Alpha Natural Resources was up 8.9 per cent to $20.03, as energy stocks out performed....
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