Thread regarding Denbury Resources Inc. layoffs

CFO out?

Anyone else notice MA's contact info wasn't on the press release this morning? Is he out?? Or just too chickens*** to put his name on it and answer investor calls?

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Post ID: @OP+16bY2UIv

23 replies (most recent on top)

Just FYI don’t assume you’re always talking to the same person.... it’s an anonymous site. You’re getting trolled pretty hard.

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Post ID: @ddij+16bY2UIv

@avcw I don't see your name either. You're acting pretty tough over there with your stand up desk and joke for a brain. You can't even come up with any rebuttal because you don't actually understand the past and how the industry actually works. We're done.

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Post ID: @dava+16bY2UIv

Let's wait a little longer. I hear there have been more positive tests at DNR.

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Post ID: @ceew+16bY2UIv

I'll be sitting down there with donuts tomorrow morning. I'll have on my american flag mask. see you bright and early.

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Post ID: @cxrq+16bY2UIv

Let’s meet up in the cafe and we can talk it over.

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Post ID: @bxph+16bY2UIv

@9wfy. They used it as a drop down to “sell” assets no one else wanted. They weren’t doing well in 2006 when the Burlington guys took over. He had this grand plan to save the company. Kept dropping down assets. Didn’t work. I know much more about that than you could fathom or even comprehend. It’s what lead to their demise. Nice try. Dates are great...you’re good at that. But learn a little more about the financial underpinnings before you spout off. Shows your ignorance.

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Post ID: @9jvk+16bY2UIv

You’re so full of s*** you stink. Linn Energy formed their MLP in 2006, over a decade before bankruptcy. Now go ahead and respond with some more made up info.

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Post ID: @9wfy+16bY2UIv

@3gpv. You really are useless and the probably have been a big help in getting us into BK. You add absolutely no value. Those MLPs used the MLP structure to try and avoid BK. It didn’t help. It just gave poor mgmt a little more time. DNR should’ve done that a coupe yrs ago and extinguished some stuff f this debt. Oh well...we will he run by accountants and attorneys from now on.

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Post ID: @9udp+16bY2UIv

Who are the smart women he is intimidated by, this makes no sense.

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Post ID: @6hts+16bY2UIv

He should be gone. He’s a child who’s intimidated by smart women and bows at the slightest whim of his bosses. He was steering the train these years right into this crash with an inept leadership group.

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Post ID: @6gfr+16bY2UIv

If the value is in getting oil out, no... but if it's for CCUS we might be saved. Just need the legislation to lay the ground work

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Post ID: @6zec+16bY2UIv

What assets does Denbury have that anyone would want? The fields are old, there are hundreds or thousands of wells that will have to be P&A'd, the above ground equipment has aged, and the pipe lines are only good only if they're coming from and going to somewhere of benefit to someone else.
And the environmental liability is enormous.

This is easy to say in hindsight, but the company's business model started to become obsolete as fracking took off and prices fell.

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Post ID: @5aez+16bY2UIv

Didn’t start as MLPs huh. Well what the fck does have to do with it? They were MLPs when they declared bankruptcy, right? ThAnKs FoR hElPiNg Me LeArN

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Post ID: @3gpv+16bY2UIv

Haha this guy.... love to see people getting so triggered.

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Post ID: @3kuf+16bY2UIv

Learn a little bit more about Linn. That didn’t start as an MLP. Ended up as one as a play to try and use financial engineering. That didn’t work well. Breitburn also didn’t start as an MLP. It was a private company that also tried that model but didn’t work. Berry Petroleum would be another example. Learn your oilfield history before you start spouting off about MLPs and such.

Yeah...Denbury is ‘integrated’. But you can sell E&P and keep pipeline/source. Problem is who wants to own the pipeline and do source if the current owners don’t intend to invest much capital. I wouldn’t invest a dime if I’m one of those debt holders. Minimal capital and cashflow it until prices recover a bit. Then sell it. With little debt now...you can sell in two to 3 pieces.

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Post ID: @3wyr+16bY2UIv

Lol of course they aren’t leaving . Per the agreement of the HUGE bonuses they paid themselves before they bankrupt the company and screwed over all the investors , they would have to pay it back. So expect them all to sit right where they are until that timeframe is up

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Post ID: @2pkx+16bY2UIv

I don’t think any of the Executives are leaving right now even though a couple should go!!

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Post ID: @2afb+16bY2UIv

You’re a bit touchy, for sure. Your two examples are MLPs genius, a structure that lends itself to having assets sold individually. Denbury, on the other hand, is an integrated company given our CO2 source, pipelines, and floods. No doubt we might divest some properties and management might be replaced, you’re not really going out in a limb by “theorizing” such a scenario.

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Post ID: @1hqf+16bY2UIv

Well that was a stupid response @1gel. If you’re one of the ones to be tossed, shows how useless you are since you’re on this site. Look at all the other bankrupt companies over the years...Linn, Breitburn, etc. None of their mgmt gets to stay long and the companies get sold as piecemeal over time by the creditors. Start packing. You’re worthless.

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Post ID: @1bep+16bY2UIv

I don’t think “imagining” is your forte

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Post ID: @1gel+16bY2UIv

I imagine the entire mgmt team will be out in the next 12 months. The company will be sold in pieces and spun off.

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Post ID: @1nav+16bY2UIv

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