Thread regarding Denbury Resources Inc. layoffs

We missed a bond payment

Hopefully it’s a negotiation tactic to restructure our debt but if not that makes sense on why we are getting a bonus payment quarterly now.

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Post ID: @OP+15Ip6Fvv

8 replies (most recent on top)

It wouldn't make any sense to make this bond payment after skipping the one on Jun 30. We will know more in about two weeks, I would guess.

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Post ID: @feve+15Ip6Fvv

Looks like we’re skipping another one! I think we’re done.

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Post ID: @fwzv+15Ip6Fvv

Either one (or both) of the previous two replies is possible. This will prove to be an interesting month.

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Post ID: @1jfn+15Ip6Fvv

Most likely it’s to force the creditors hand on restructuring, basically if they aren’t going to restructure then might as well start chapter 11.

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Post ID: @1mnc+15Ip6Fvv

Is it possible they are waiting to get a loan from the fed? The Main Street lending program is suppose to help mid cap companies.

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Post ID: @hvx+15Ip6Fvv

We will be in BK by the end of July, let's just get it over with.

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Post ID: @adu+15Ip6Fvv

No it’s because you are about to file Chapter 11.. good luck with your stock and retirement. Long overdue for this company.

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Post ID: @dzj+15Ip6Fvv

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