Denbury Resources (DNR) has reduced its previously planned 2020 capital budget
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DENBURY RESOURCES PROVIDES OPERATIONAL AND FINANCIAL UPDATE
March 31, 2020 6:30 AM EDTActions to Preserve and Enhance Liquidity Include:-Â Â Reducing 2020 Capital Budget by $80 Million, or 44%-Â Â Deferring Cedar Creek Anticline Development Project-Â Â Restructuring HedgesIntention to Seek Stockholder Approval of Reverse Stock Split
PLANO, Texas, March 31, 2020 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (Denbury or the Company) today provided an update on the Companys response to recent developments, including the COVID-19 pandemic, macroeconomic uncertainty, and the decline in oil prices.
Chris Kendall, Denburys President... More
