In today’s edition, Paul and Matt discuss Denbury Resources (NYSE: DNR ) , which just announced its intention to sell its Bakken shale assets to ExxonMobil for $1.6 billion. As part of the deal, Denbury will also be receiving ExxonMobil’s interests in the Webster Field in Texas and the Hartzog Draw Field in Wyoming, which fit Denbury’s operating model based on enhanced oil recovery through carbon dioxide injection.
Watch the video below for the full details and what this means for investors.
With the swelling of the global middle class energy consumption will skyrocket over the next few decades, and long-term investors know that you want exposure to this space now. We've picked one incredible natural gas company that presents a rare "double-play" investment opportunity today. We're calling it "The One Energy Stock You Must Own Before 2014," and you can uncover it today, totally free, in our premium research report. Click here to read more.