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.
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Matthew Argersinger has no positions in the stocks mentioned above. Paul Chi has no positions in the stocks mentioned above. The Motley Fool owns shares of Denbury Resources and ExxonMobil. 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.