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.
Energy stocks, like Denbury Resources, offer something for all types of investors. Some companies rise and fall with oil prices, while others provide more steady returns over the long haul. The Motley Fool has identified a company that will prosper for years to come. Read more about an energy stock set to soar in our special free report: "The Only Energy Stock You'll Ever Need." Don't miss out on this limited-time offer and your opportunity to discover this under-the-radar company before the market does. Click here to access your report -- it's totally free.
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.
More from The Motley Fool
These 3 Oil Stocks Skyrocketed in November (and Could Have Further to Fly)
Third-quarter earnings fueled monster gains as investors started betting on the upside.
Here’s Why Denbury Resources’ Stock is Deflating Today
What goes up must come down -- sharply -- when the crude oil market starts looking oversupplied.
Why Valeant Pharmaceuticals International, Denbury Resources, and Kindred Healthcare Jumped Today
Find out why these stocks gained so much ground today.