Stifel Resumes Denbury Inc. (DEN) at Buy

Stifel analyst Nate Pendleton resumes coverage on Denbury Inc. (NYSE: DEN) with a Buy rating and a price target of $146.00.

The analyst comments "We are resuming coverage of Denbury Inc. with a Buy rating and $146.00 target price and Talos Energy Inc. with a Buy rating and $27.00 target price. Both companies are leaders in the rapidly developing CCUS sector. In our view, the CCUS sector is essential to meeting climate targets, it is economic today, and offers immense growth potential. Denbury and Talos are developing significant CCS assets in proximity to large point-source emitters, which we view as underappreciated as it would be nearly impossible to replicate Denbury's CCUS infrastructure assets and Talos has an early-mover advantage. Denbury is our top pick within the CCUS vertical based on it's advantaged CO2 transportation infrastructure and CCS project backlog."

For an analyst ratings summary and ratings history on Denbury Inc. click here. For more ratings news on Denbury Inc. click here.

Shares of Denbury Inc. closed at $96.35 yesterday.

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