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Stock Market & Financial Investment News

News Breaks
January 3, 2014
07:35 EDTDNRDenbury Resources increases share repurchase authorization by $250M
Denbury Resources announced that its Board of Directors has approved an increase of $250M to the company's authorized share repurchase program, leaving $422M of authorized repurchases remaining as of December 31, 2013. The increase raises the total amount authorized under the program since it commenced in October 2011 to $1.16B, of which Denbury has spent $740M as of December 31, 2013, to acquire a total of approximately 48M common shares, or about 12% of shares outstanding at September 30, 2011, at an average cost of $15.55 per share. There is no set expiration date for the program and no requirement that the entire authorized amount be used.
News For DNR From The Last 14 Days
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January 26, 2015
16:26 EDTDNRMarathon Oil, Cobalt, RSP Permian downgraded at UBS
UBS lowered its Brent and WTI forecasts to $52.50 and $49 from $67.50 and $62.50, respectively, and downgraded a number of names in the energy space in conjunction. Along with making changes to its oil price forecasts, UBS downgraded Marathon Oil (MRO), Cobalt (CIE) and RSP Permian (RSPP), all to Neutral from Buy. The firm also identified ConocoPhillips (COP), Devon Energy (DVN), Murphy Oil (MUR), Ultra Petroleum (UPL), Range Resources (RRC), Denbury Resources (DNR), and Magnum Hunter (MHR) as having high valuations, slowing growth and wide free cash flow deficits and said it was cautious on all of those names as well.
January 21, 2015
12:11 EDTDNRStocks with call strike movement; DNR ESV
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