The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics across the investing world.
Denbury Resources just announced that it is buying the Thompson field, which may possess an additional 30 million to 60 million barrels of recoverable oil. David feels this transaction is a perfect illustration of why he likes Denbury so much. Over the long term, David is confident that this new field will create a lot of value for the company. And the process of finding reasonably priced properties -- and applying enhanced oil recovery methods to them -- has been a proven winner for Denbury.
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David Meier and John Reeves have no positions in the stocks mentioned above. The Motley Fool owns shares of Denbury Resources. Motley Fool newsletter services recommend Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.