Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Denbury Reports First Quarter 2021 Results PLANO, Texas, May 06, 2021 (GLOBE NEWSWIRE) -- Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today provided results for the first quarter of 2021, including the following key outcomes: FIRST QUARTER 2021 HIGHLIGHTS Net cash provided by operating activities was $53 million; Adjusted cash flow from operations(1) (non-GAAP measure) was $81 million.Development capital expenditures totaled $20 million; Free cash flow(1) (non-GAAP measure) was $59 million.Net loss totaled $70 million, or $1.38 per diluted share. Adjusted net income(1) (non-GA...
Denbury Announces Executive Leadership Appointment for Denbury Carbon Solutions Team Company Studying a Significant Expansion in System Capacity PLANO, Texas, April 26, 2021 (GLOBE NEWSWIRE) -- In order to further advance the Company’s strategic vision and direction for its Carbon Capture, Use and Storage (CCUS) business, Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today announced the appointment of Nikulas Wood as Senior Vice President. Mr. Wood will head the Denbury Carbon Solutions team and report directly to Denbury Chief Executive Officer, Chris Kendall. The Denbury Carbo...
Denbury Schedules First Quarter Earnings Release, Conference Call, and Webcast for May 6, 2021 PLANO, Texas, April 15, 2021 (GLOBE NEWSWIRE) -- Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) plans to issue its first quarter 2021 financial and operating results prior to the market opening on Thursday, May 6, 2021. On the same day, the Company is scheduled to host a webcast and conference call at 11:00 a.m. Central Time (12 p.m. Eastern Time). The presentation webcast will be available, both live and for replay, on the Investor Relations page of the Company’s website at . Individuals...
Denbury Names Brad Whitmarsh Executive Director, Investor Relations PLANO, Texas, March 23, 2021 (GLOBE NEWSWIRE) -- Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today announced that Brad Whitmarsh has joined Denbury as Executive Director, Investor Relations. Mr. Whitmarsh has worked in the oil and gas industry for over 20 years and brings significant investor relations experience to Denbury. Most recently, Mr. Whitmarsh served as Vice President, Investor Relations for Noble Energy, Inc., from 2013 until its acquisition by Chevron Corporation in 2020. Prior to Noble Energy, Mr....
Denbury Announces Appointment of Cindy Yeilding to Board of Directors PLANO, Texas, March 16, 2021 (GLOBE NEWSWIRE) -- Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today announced the appointment of Cindy A. Yeilding to its Board of Directors (“Board”) effective March 16, 2021. Ms. Yeilding brings extensive energy and technical expertise to Denbury’s Board, including a deep understanding of the emerging Carbon Capture, Use, and Storage (“CCUS”) industry. Ms. Yeilding will serve as a member of the Board’s Sustainability Committee and Nominating/Corporate Governance Committee. ...
Denbury to Present at Credit Suisse 26th Annual Energy Summit PLANO, Texas, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today announced that Chris Kendall, President and Chief Executive Officer, and other members of senior management are scheduled to present in a virtual fireside chat at the Credit Suisse 26th Annual Energy Summit on Monday, March 1, 2021, at 3:20 p.m. Eastern Time. Mr. Kendall and other members of senior management will also participate in virtual meetings with institutional investors. An updated corporate presentation for the ...
Denbury Reports 2020 Fourth Quarter and Full-Year Results, Announces 2021 Capital Budget and Production Guidance PLANO, Texas, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today announced its fourth quarter and full-year 2020 financial and operating results, along with its 2021 capital budget and projected 2021 production. 2020 FOURTH QUARTER AND FULL-YEAR HIGHLIGHTS Adjusted EBITDAX(1) (a non-GAAP measure) of $77 million for 4Q 2020 and $326 million for 2020Generated $88 million of free cash flow(1) (a non-GAAP measure) in 2020Invested $95 mil...
Denbury Announces Release Date for Fourth Quarter and Full-Year 2020 Results and Conference Call PLANO, Texas, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today announced that it will issue its fourth quarter and full-year 2020 financial and operating results prior to the market opening on Thursday, February 25, 2021. On the same day, the Company will host a conference call for investors at 10:00 A.M. (Central) to review fourth quarter and full-year 2020 financial and operating results and to discuss the Company’s 2021 outlook. Individuals who w...
Denbury to Acquire Wyoming CO2 Enhanced Oil Recovery (EOR) Fields Bolt-on Acquisition in Key Operating Area Supports CO2 EOR-Focused Strategy PLANO, Texas, Dec. 29, 2020 (GLOBE NEWSWIRE) -- Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today announced that it has entered into an agreement with a subsidiary of Devon Energy Corporation to acquire a nearly 100% working interest (approximately 83% net revenue interest) in the Big Sand Draw and Beaver Creek oil fields located in Freemont County, Wyoming for a cash purchase price of $12 million. The purchase price includes associated ...
Denbury Reports Third Quarter 2020 Results and Announces November 17th Third Quarter Conference Call PLANO, Texas, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today announced its third quarter 2020 financial and operating results. FINANCIAL AND OPERATIONAL HIGHLIGHTS Successfully completed financial restructuring and emerged from Chapter 11 reorganization on September 18, 2020, with a strong balance sheet and strong liquidity position: Reduced bond debt by $2.1 billion, resulting in $165 million annual interest savingsEstab...
Denbury Reacquires the NEJD and Free State CO2 Pipelines Reduces Debt and Lowers Interest Expense While Maximizing Flexibility for Future CCUS Operations PLANO, Texas, Nov. 04, 2020 (GLOBE NEWSWIRE) -- Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today announced that it has restructured its long-standing CO2 pipeline arrangements with Genesis Energy, L.P. (“Genesis”), covering: the 183-mile Northeast Jackson Dome (NEJD) Pipeline system which runs south from Denbury’s Jackson Dome CO2 source field to near Donaldsonville, Louisiana, where it connects into Denbury’s Green Pipelin...
Summary Marketline's Qep Resources, Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Qep Resources, Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organ...
Denbury Resources Pre-Packaged Plan Confirmed By Court Expects to Emerge from Chapter 11 in Mid-September with Strengthened Balance Sheet Operations Continuing in Normal Course PLANO, Texas, Sept. 03, 2020 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (OTC Pink: DNRCQ) (“Denbury” or the “Company”) today announced that the United States Bankruptcy Court for the Southern District of Texas (the “Court”) has confirmed its "pre-packaged" plan to restructure the Company’s balance sheet and eliminate Denbury’s $2.1 billion of bond debt (the “Plan”). The Plan received the overwhelming support of ...
Summary Marketline's Energy Xxi Ltd Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Energy Xxi Ltd since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and ino...
Rating Action: Moody's downgrades Denbury Resources' PDR to D-PD on bankruptcy filing. Global Credit Research- 03 Aug 2020. New York, August 03, 2020-- Moody's Investors Service, downgraded Denbury Resources Inc.' s Probability of Default Rating to D-PD from Ca-PD.
Denbury Resources Receives NYSE Notice of Immediate Suspension of Trading and Delisting of Denbury Common Stock PLANO, Texas, July 31, 2020 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today was notified by the New York Stock Exchange (“NYSE”) of its determination to commence proceedings to delist the Company’s common stock from trading on the NYSE and as of July 31, 2020 to indefinitely suspend trading of the Company’s common stock on the NYSE. This suspension and delisting is being done by the NYSE in accordance with Section 802.01D of the NYSE Li...
Denbury Resources Commences Next Step to Implement Pre-Packaged Plan to Strengthen Its Balance Sheet and Reduce Debt Files Voluntary Petitions for Reorganization Under Chapter 11 Continuing Normal Course Operations Through Court-Supervised Process PLANO, Texas, July 30, 2020 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced it has taken the next step to implement its “pre-packaged” plan to eliminate the Company’s $2.1 billion of bond debt, consistent with the terms of its previously announced Restructuring Support Agreement (the "RSA"). ...
Denbury Resources Enters into Restructuring Support Agreement for Pre-packaged Plan to Strengthen Its Balance Sheet and Reduce Debt by $2.1 Billion Intends to File Voluntary Chapter 11 Petitions to Implement Financial Restructuring Receives Committed DIP and Exit Financing of up to $615 Millionto Support Continued Operations in the Normal Course PLANO, Texas, July 29, 2020 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced that it has entered into a Restructuring Support Agreement (the “RSA”) with funded debtholders holding 100% of revolv...
Denbury Resources Responds to Fraudulent Press Release PLANO, Texas, July 20, 2020 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today confirmed that a press release issued earlier today regarding a purported acquisition proposal for Denbury was fraudulent and not issued by the Company. The Company has received no such proposal and has reported the fraudulent activity to the New York Stock Exchange. ABOUT DENBURY RESOURCES Denbury is an independent oil and natural gas company with operations focused in two key operating areas: the Gulf Coast and Ro...
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