Denbury Resources Inc (DNR.N)
6 Mar 2015
BOSTON - Prominent investors ranging from Leon Cooperman and Steven A. Cohen have long liked exploration and production companies, but when tumbling oil prices wreaked havoc on their share prices late last year, hedge fund billionaires scrambled for the exits.
NEW YORK - Several months ago, U.S. mutual funds scooped up most of the $1.25 billion in high-yield junk bonds issued by Denbury Resources Inc, a Plano, Texas, oil and gas exploration company.
(For other news from Reuters Global Investment Outlook Summit, click on http://www.reuters.com/summit/Investment13)
- Denbury Resources Inc said it planned to cut its 2015 capital spending by 50 percent, joining a raft of oil and gas producers scaling back investments due to the recent slide in crude oil prices.
Nov 14 - Denbury Resources Inc said it planned to cut its 2015 capital spending by 50 percent, joining a raft of oil and gas producers scaling back investments due to the recent slide in crude oil prices.
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