NYSE:DNR - New York Stock Exchange, Inc. -
DNR earnings call for the period ending September 30, 2020.
The Techncial Trigger Driven Option Trade Right Before Denbury Resources Inc (NYSE:DNR) Earnings.
Chevron and Exxon both reported disappointing losses, while the S&P 500 energy sector tumbled nearly 1% on Friday. It was the worst-performing corner of the market as all three major U.S. indexes closed with gains.
Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events. Check out Saturday morning's regular Stocks to Watch article for a full list of events planned for the week.Monday - August 3Volatility watch: Short interest is in an uptrend for Vale (NYSE:VALE), Nokia (NYSE:NOK), United Airlines (NASDAQ:UAL), Micron Technology (NASDAQ:MU) and Denbury Resources (NYSE:DNR), while GameStop (NYSE:GME), National Beverage (NASDAQ:FIZZ) and Dillard's (NYSE:DDS) head into next week with among the highest percentage of short interest higher to total float.
Park National (NYSEMKT:PRK) +17.3% PM will replace Denbury Resources (NYSE:DNR) +2.8% PM, in the S&P SmallCap 600; effective August 3 before market open.
Mentions: PRK
Denbury Resources (DNR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The oil producer and its creditors have agreed to a pre-packaged plan.
Denbury Resources (NYSE:DNR) says it expects to file for Chapter 11 bankruptcy protection on or before July 30.The company says it entered into a restructuring support agreement with lenders and bondholders for a pre-packaged plan that will eliminate $2.1B of bond debt.Denbury's existing lenders will provide a debtor-in-possession revolving loan that will roll into an exit facility with up to $615M in availability.The company earlier this month elected not to make a ~$3M interest payment on senior notes, and two weeks before that skipped an $8M interest payment.
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Denbury Resources (DNR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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U.S. investors awoke Monday to news of two oil industry takeovers. But the statement announcing one of those deals was fake, according to the company that was the purported target.
Speaking with Bloomberg, Denbury Resources (NYSE:DNR) CEO Chris Kendall, says his company did not put out the press release about a buyout offer of $1.20 per share.
The company says it's received an official offer for $1.20 per share, or more than 5x the closing price on Friday of $0.23.The buyer is not revealed, but the offer is expected to be successful.A sale would allow Denbury (NYSE:DNR) to continue to operate and make good on any missed interest payments.Shares are up 80% premarket to $0.41.Updated: Speaking with Bloomberg, Denbury CEO Chris Kendall says the press release appears to be "completely fraudulent." Shares remain higher by 63% to $0.37.
The company says it's received an official offer for $1.20 per share, or more than 5x the closing price on Friday of $0.23.The buyer is not revealed, but the offer is expected to be successful.A sale would allow Denbury (NYSE:DNR) to continue to operate and make good on any missed interest payments.Shares are up 80% premarket to $0.41.
Denbury Resources (NYSE:DNR) +5.6% pre-market despite electing not to make a ~$3M interest payment due today on its 4.625% senior notes due 2023 "in order to evaluate strategic alternatives," according to an 8-K filing.The company has a 30-day grace period before non-payment constitutes an event of default.Denbury recently skipped a ~$8M interest payment on its 6.375% convertible senior notes due 2024.
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Denbury Resources (NYSE:DNR) -3.3% pre-market after electing not to make the ~$8M interest payment due June 30 on its 6.375% convertible senior notes due 2024 in order to evaluate unspecified strategi
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