Denbury Resources, Inc. - DNR
Denbury (DNR - Analyst Report) is a leading tertiary oil player, with a solid asset base and an impressive track record of production and reserve growth.
We expect this growth momentum to continue over the next 5 years. Our continued favorable view of Denbury shares reflects the company s low-risk profile and oil-centric niche business model.
We consider management's recent Barnett Shale sale as a prudent step, which will allow the company greater liquidity and flexibility to focus on its core tertiary oil operations.
Our Buy recommendation remains unchanged.
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| Market Summary | Nov 08, 2009 12:59 pm ET |

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