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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.
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February 26, 2015
08:10 EDTDNREvolution Petroleum and Denbury Resources sign reversal of suspended revenue
Evolution Petroleum (EPM) and Denbury (DNR) executed an agreement under which Denbury will reverse the previously disclosed suspension of 2.89% of Evolution's overriding royalty interest revenues and will release to Evolution amounts previously suspended totaling approximately $712K Denbury further agreed not to suspend any future revenues attributable to any of Evolution's revenue interests, except under limited circumstances, and will limit any cash calls to amounts needed to fund near term capital expenditures. This agreement does not settle any of the outstanding litigation matters with Denbury, including their counterclaim related to the net revenue interest conveyed in the 2006 Purchase and Sale Agreement. The litigation is continuing and currently scheduled for trial in July 2015.
February 19, 2015
08:49 EDTDNRDenbury Resources reports Q4 adjusted EPS 27c, consensus 23c
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