In this segment, Motley Fool analysts Joel South and Taylor Muckerman discuss companies 15 thru 11 of their Top 20 energy companies to watch. Companies 15 thru 11 can be found here.
CO2 enhanced oil recovery allows Denbury Resources (NYSE:DNR) to extract crude from aging oil fields at a cost lower than most shale plays in North America. Denbury has an incredible competitive advantage with ownership rights to large sources of CO2 in its Jackson Dome and Lost Cabin storage caverns. In addition, the company has a compounded annual growth rate of 29% over the last 13 years and with more projects in sight, Denbury is staring a 2017 inflection point where oil production increases and capital expenditures drop, creating an opportunity for record free cash flow.
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Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool owns shares of Denbury Resources. 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.