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	<title>Stock Blog Hub &#187; EAC</title>
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		<title>(DNR) In-Line Quarter for Denbury Resources</title>
		<link>http://www.stockbloghub.com/2009/11/08/dnr-in-line-quarter-for-denbury-resources/19828</link>
		<comments>http://www.stockbloghub.com/2009/11/08/dnr-in-line-quarter-for-denbury-resources/19828#comments</comments>
		<pubDate>Mon, 09 Nov 2009 02:35:17 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Denbury Resources Inc]]></category>
		<category><![CDATA[DNR]]></category>
		<category><![CDATA[EAC]]></category>
		<category><![CDATA[Encore Acquisition Company]]></category>

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		<description><![CDATA[Denbury Resources Inc. (DNR) reported in-line third quarter results, as increased production helped the company to meet estimates. Earnings per share, excluding non-cash fair value adjustments, came in at 16 cents, same as the Zacks Consensus Estimate. Including one-time items, Denbury posted a profit of 11 cents per share. On a year-over-year basis, the company’s adjusted earnings per share declined 68.0% (from 50 cents to 16 cents), while revenue was down 44.6% to $227.2 million. The year-over-year negative comparisons were due to the steep decline in commodity prices. Production Production during the quarter averaged 42.7 thousand oil-equivalent barrels per day (MBOE/d), a decrease of approximately 7.1% year over year. However, after adjusting for the 2009 sale of 60% of the company’s Barnett Shale natural gas assets, Denbury’s volumes rose approximately ]]></description>
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		<title>(DNR) Denbury Resources to Acquire Encore Acquisition Company</title>
		<link>http://www.stockbloghub.com/2009/11/02/dnr-denbury-resources-to-acquire-encore-acquisition-company/19420</link>
		<comments>http://www.stockbloghub.com/2009/11/02/dnr-denbury-resources-to-acquire-encore-acquisition-company/19420#comments</comments>
		<pubDate>Mon, 02 Nov 2009 21:33:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Denbury Resources Inc]]></category>
		<category><![CDATA[DNR]]></category>
		<category><![CDATA[EAC]]></category>
		<category><![CDATA[Encore Acquisition Company]]></category>
		<category><![CDATA[Encore Energy Partners LP]]></category>
		<category><![CDATA[ENP]]></category>

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		<description><![CDATA[Denbury Resources Inc. (DNR) has entered into a definitive agreement with Encore Acquisition Company (EAC) to acquire the company for $4.5 billion. This includes an assumption of debt and the value of the minority interest in Encore Energy Partners L.P. (ENP). Denbury intends to finance this transaction with a combination of equity and debt. The combined company will operate under the Denbury name and trade under the DNR ticker symbol. Post-merger, it is expected that Denbury stockholders will own between 63% and 68% of the combined company and the Encore stockholders will own between 32% and 37% of the combined company. The completion of the merger is subject to regulatory approvals and is expected to take place in the first quarter of 2010. We view the transaction as a win-win ]]></description>
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		<title>(EAC) &#8211; Encore Acquisition &#8211; surprised on estimates 4 consecutive quarters by an average of 16.44%</title>
		<link>http://www.stockbloghub.com/2008/10/07/eac-encore-acquisition-surprised-on-estimates-4-consecutive-quarters-by-an-average-of-1644-4/606</link>
		<comments>http://www.stockbloghub.com/2008/10/07/eac-encore-acquisition-surprised-on-estimates-4-consecutive-quarters-by-an-average-of-1644-4/606#comments</comments>
		<pubDate>Tue, 07 Oct 2008 19:59:01 +0000</pubDate>
		<dc:creator>Shawn</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[EAC]]></category>

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		<description><![CDATA[Encore Acquisition saw revenues soar 96% in the second quarter on the back of record crude prices. But even as crude prices have retreated, the company isn&#8217;t a one quarter wonder. It has surprised on estimates 4 consecutive quarters by an average of 16.44%. Encore&#8217;s forward P/E is 10.07. Company Description Encore Acquisition Company (EAC) is an exploration and production company which drills onshore in North America. Based in Fort Worth, Texas, Encore&#8217;s properties are located in the Rockies, which includes the Dakotas, the Mid-Continent, which includes Oklahoma, and the Permian Basin which includes New Mexico and Texas. In early May, Encore announced it was putting itself up for sale but in August, according to the Associated Press, the company said it was no longer looking to merge or be ]]></description>
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