Denbury Resources Responds to Fraudulent Press Release
Denbury Resources Inc. (NYSE: DNR) has confirmed that a press release about a fraudulent acquisition proposal was not issued by the Company.
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Rhea-AI Summary
Denbury Resources Inc. (NYSE: DNR) has confirmed that a press release about a fraudulent acquisition proposal was not issued by the Company. The Company has reported this fraudulent activity to the New York Stock Exchange. Denbury focuses on oil and natural gas operations, primarily in the Gulf Coast and Rocky Mountain regions. The Company aims to enhance property value through strategic exploitation and drilling, with a significant emphasis on carbon dioxide enhanced oil recovery (CO2 EOR) operations.
Positive
- Denbury has taken proactive measures by reporting the fraudulent acquisition proposal to the New York Stock Exchange.
- The Company continues to focus on core operations in the Gulf Coast and Rocky Mountain regions, aimed at increasing property value.
Negative
- The emergence of a fraudulent acquisition proposal may create temporary uncertainty among investors.
Details
News Market Reaction – DNR
The recorded move for DNR in the trading session of this news was +12.31%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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 Rocky Mountain regions. The Company's goal is to increase the value of its properties through a combination of exploitation, drilling and proven engineering extraction practices, with the most significant emphasis relating to carbon dioxide enhanced oil recovery (CO2 EOR) operations. For more information about Denbury, please visit www.denbury.com.
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