Thread regarding Denbury Resources Inc. layoffs

Denbury resources inc Bankruptcy

What's the probability of Bankruptcy for Denbury Resources in 2019 or 2020?

by
| 1881 views | |
Post ID: @ZKAs6Xu

5 replies (most recent on top)

I’m pretty sure the last debt exchange kept the interest payment essentially unchanged.

by
|
Post ID: @ZKAs6Xu-mjzr

the debt payments are eating up the capex for future value creation- each new bond issue or bond exchange comes with a higher rate. There is not enough cash available to get a big project going that starts producing in the near future. It's a death spiral - CAPEX getting smaller every year - therefore cash flow gets smaller - next year CAPEX are smaller and so on.....

by
|
Post ID: @ZKAs6Xu-mxhw

High! Need a clue? Take a look at the stock price.

by
|
Post ID: @ZKAs6Xu-kocz

2019- <1% (major HSE event)

2020- <1% (major HSE event)

2021- <5% $51mm due

2022-<10% $95mm due

2023- <20% $211mm due

2024- <33% $700mm due

by
|
Post ID: @ZKAs6Xu-fmu

I would assume better than it was a little while ago with restructuring the debt, but who knows if oil will be needed for anything but plastics and lubrication in a couple decades

by
|
Post ID: @ZKAs6Xu-gco

Post a reply

: