6 Aug 2013quarterly activities report● Neutral
DENBURY INC reported a quarterly net income of $130.0 million for the period ended 2013-06-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 Aug 2013quarterly activities report● Neutral
DENBURY INC reported a quarterly net income of $130.0 million for the period ended 2013-06-30.
10 May 2013quarterly activities report● Neutral
DENBURY INC reported a quarterly net income of $87.6 million for the period ended 2013-03-31.
2 May 2013quarterly activities report● Neutral
DENBURY INC reported a quarterly net income of $87.6 million for the period ended 2013-03-31.
21 Feb 2013quarterly activities report● Neutral
DENBURY INC reported a quarterly net income of $114.7 million for the period ended 2012-12-31.
15 Feb 2013substantial holder notice● Neutral
RS Investment Management Co. LLC, The Guardian Life Insurance Company of America, Guardian Investor Services LLC reported a DENBURY INC shareholding of 19,729,567 shares (5.10% of votes) in a periodic institutional filing.
14 Feb 2013substantial holder notice● Neutral
Wellington Management Company, LLP reported a DENBURY INC shareholding of 17,176,676 shares (4.44% of votes) in a periodic institutional filing.
13 Feb 2013substantial holder notice● Neutral
Capital World Investors ** reported a DENBURY INC shareholding of 41,788,300 shares (10.80% of votes) in a periodic institutional filing.
11 Feb 2013substantial holder notice● Neutral
The Vanguard Group reported a DENBURY INC shareholding of 22,994,504 shares (5.94% of votes) in a periodic institutional filing.
8 Feb 2013substantial holder notice● Neutral
BlackRock, Inc reported a DENBURY INC shareholding of 22,000,374 shares (5.69% of votes) in a periodic institutional filing.
5 Feb 2013debt financing● NeutralMajor
Denbury closed the $1.2 billion 4 5/8% notes due 2023 on 5 February 2013. It accepted about $191.7 million of the 9¾% notes (about 45%) and $186.6 million of the 9½% notes (about 83%) tendered early. It also called the remaining 9¾% notes for redemption on 7 March 2013 at $1,048.75 per $1,000, and stripped most restrictive covenants from the 9½% notes' indenture. This completes the refinancing started on 22 January; the tender offers stay open until 19 February 2013 unless extended.
4 Feb 2013quarterly activities report● Neutral
DENBURY INC reported a quarterly net income of $114.7 million for the period ended 2012-12-31.
28 Jan 2013material agreement● NeutralMajor
On 22 January 2013 Denbury agreed to sell $1.2 billion of 4.625% senior subordinated notes due 2023 and launched cash offers to buy back its 9¾% notes ($426.4 million) and 9½% notes ($224.9 million), both due 2016. Proceeds will fund the buybacks, then repay bank credit facility borrowings, then general corporate purposes.
24 Jan 2013securities registration● Neutral
DENBURY INC filed a prospectus supplement for an offering off its existing shelf.
23 Jan 2013securities registration● Neutral
DENBURY INC filed a free-writing prospectus - marketing material for an offering in progress.
22 Jan 2013securities registration● Neutral
DENBURY INC filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
15 Jan 2013material agreement● NeutralMajor
On 14 January 2013 Denbury agreed to buy producing Cedar Creek Anticline properties in Montana and North Dakota from ConocoPhillips' subsidiary for $1.05 billion in cash. It plans to pay from the ExxonMobil Bakken sale proceeds held in trust accounts. Closing is expected near the end of the first quarter of 2013, subject to due diligence and antitrust clearance.
26 Dec 2012asset acquisition disposition● NeutralMajor
The second and final closing of the ExxonMobil exchange took place on 21 December 2012, finishing the Bakken sale. For the retained 17.5% Bakken interest, Denbury took about one-third of ExxonMobil's CO2 reserves in the LaBarge Field in Wyoming plus residual cash, rather than the withheld $350 million. This resolves the open question from the first closing; a substantial part of the cash remains in trust accounts for possible tax-deferred purchases.
6 Dec 2012asset acquisition disposition● NeutralMajor
The ExxonMobil Bakken exchange was split in two; the first closing on 30 November 2012 gave Denbury about $1.3 billion in cash plus the Webster and Hartzog Draw interests. Denbury kept about 17.5% of its Bakken interest, and ExxonMobil withheld $350 million, to be settled in a second closing for either a share of ExxonMobil's LaBarge Field CO2 reserves or the cash. Denbury expects no gain or loss on the sale and has put much of the cash in trust accounts for possible tax-deferred acquisitions.
8 Nov 2012quarterly activities report● Neutral
DENBURY INC reported quarterly revenue of $600.4 million and net income of $85.4 million for the period ended 2012-09-30.
6 Nov 2012quarterly activities report● Neutral
DENBURY INC reported quarterly revenue of $600.4 million and net income of $85.4 million for the period ended 2012-09-30.
25 Sept 2012material agreement● NeutralMajor
Denbury's subsidiary agreed on 19 September 2012 to give ExxonMobil its Bakken assets in North Dakota and Montana for $1.6 billion in cash (before adjustments) plus ExxonMobil's operating interests in Webster Field (Texas) and Hartzog Draw Field (Wyoming). Closing needs due diligence, lender approval and antitrust clearance, and was expected late in the fourth quarter of 2012.
8 Aug 2012quarterly activities report● Neutral
DENBURY INC reported quarterly revenue of $601.8 million and net income of $211.9 million for the period ended 2012-06-30.
2 Aug 2012quarterly activities report● Neutral
DENBURY INC reported quarterly revenue of $601.8 million and net income of $211.9 million for the period ended 2012-06-30.
3 July 2012director interest notice● Neutral
DENBURY INC SVP, Planning, Tech & BD Charles Gibson received 14,890 shares as part of the equity award.
21 May 2012director interest notice● Neutral
DENBURY INC director Gareth Roberts sold 15,000 shares at $15.50.
10 May 2012quarterly activities report● Neutral
DENBURY INC reported quarterly revenue of $645.1 million and net income of $113.5 million for the period ended 2012-03-31.
3 May 2012quarterly activities report● Neutral
DENBURY INC reported quarterly revenue of $645.1 million and net income of $113.5 million for the period ended 2012-03-31.
2 May 2012director interest notice● Neutral
DENBURY INC SVP, Production Operations Kenneth Craig Mcpherson had 4,409 shares withheld for taxes on vesting stock.
16 Apr 2012quarterly activities report● Neutral
DENBURY INC reported quarterly revenue of $645.1 million and net income of $113.5 million for the period ended 2012-03-31.