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	<title>Stock Blog Hub &#187; Encore Acquisition Company</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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