Denbury Resources Inc. (NYSE: DNR) said Monday it closed the sale of its 40 percent stake in their Barnett Shale properties in Texas to Talon Oil & Gas LLC for $210 million.
Free Hot Penny Stocks, an online financial publication, provides investors timely stock market alerts. Free hot penny stocks profiles stock picks that could generate higher returns than average. These penny stocks include stocks with news, chart breakouts or increased volume.
Sign Up Today for our Penny Stock Newsletter
Proceeds from the sale were used to pay off bank debt. Recently, the company took a 95 percent stake in a Texas oil field for about $430 million in cash and stock.
Shares rose 83 cents, or 5.6 percent, to $15.63 at Monday’s close. The stock has traded between $9.61 and $18.84 over the past year.
In addition, France's Total SA (NYSE: TOT) said Monday it will purchase a majority stake in Chesapeake Energy Corp. (NYSE: CHK) for $2.25 billion with the intent to tap into Chesapeake’s Barnett Shale assets.
Sign Up for Free Hot Penny Stocks’ FREE Penny Stock Newsletter.
About Us
Free Hot Penny Stocks is a financial website and independent electronic publication that provides information and free penny stock alerts on selected publicly traded companies. We also track small cap companies and other stocks that may be positioned to break out. These penny stocks might have news, increased volume or chart breakouts. These penny stocks that are alerted could generate greater than average returns. Feel free to visit our penny stock forum to discuss other penny stock picks or penny stocks that you might own.
Free Hot Penny Stocks is not a registered investment advisor or broker-dealer. Please do your own Due Diligence before investing in any of the stocks mentioned above. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer
