Nice to hear the debt holders can be made hold. What about the employees that lost thousands on stock that we purchased and hoped that we would at least be made whole?
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I’m sorry I was choking a bit. Denbury is certainly not a green company. That’s ridiculous.
Bragging about the new stock tripling on CNBC made me want to pu-e.
If you want to play in the big leagues you need different mindsets with big company experience…. A lot of our issues stem from legacy mindsets and inexperienced engineers…
He came from Noble too…no shocker there.
I'll take the new guy over PR any day.
Stock price is meaningless without looking at enterprise value. The stock price plus debt is your enterprise. Since BR wiped out the debt, then stock price will naturally adjust to EV (enterprise value, not electric vehicle). EV hasn't changed all that much since BR, and rightfully so. But the execs knew this would happen and that's why they were granted so much stock during/after BR. They knew it would make up for all they gave up just before BR. It's the same game all C-level folks play during BR. They're no different. Humans are humans.
Must be because we are now green energy and that makes everyone in the front office look amazing. Couldnt have got where we are without the amazing ceo!!!!!!
Because our stock has nearly tripled since BR. Walmart in the same time hasn’t increase their share price 1%.
Why does the CEO of Denbury earn more than the CEO of Walmart?
CEO stock is now over $45M since bankruptcy. Maybe he can donate $1,000 to each employee.
If one has retired, it would be the height of foolishness to have a huge portion of your portfolio in one company. Or even in one type of business, or even one sector of business. The stock market has done extremely well over the past decade. There wasn't much we could do about our UNvested shares, of course.
Well, we could've bought warrants when they were 10% of the current value, I guess. Then sold for a nice 1,000% gain.
The only difference between our new leader telling us everything will be okay now and our old leader telling us everything will be okay when we had thousands and thousands of shares in DNR is who the leader is! We're even making the same or less than we were then too! Sure there's CCUS and 45Q now, but they promised something similar during Obama's first term too. Promises and oil futures and locking in favorable futures isn't what actually puts food on our tables, a higher bonus helps but don't we need 200% bonus to make up for losing our LTI? During the townhall he said our skills were specialized just for this and unmatched anywhere else in the industry, so they need to open up that checkbook!
For the people that say you need to just get over it are ignorant. I know people that came out of retirement when they lost their stocks. They believed the bs that the leaders were spewing and invested. Now they are finding jobs at 60+ years old. They took a risk yes and lost but its a slap in the face when the uppers are just so excited about no debt.
“Get over that”. For many it’s 10’s of thousands of dollars lost while others sail off with $50M+.....it’s hard to “get over it”.
It might be time to get over that. We are moving in the right direction and the future is bright!
The answer i heard was, shouldnt have your eggs in one basket. Great answer by management right? When i heard that said to someone i wanted to pu-e.