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Thursday, March 28, 2024

Denbury Announces Repurchase Program for up to $500 Million of Common Stock

Courtesy of Benzinga.

Denbury Resources Inc. (NYSE: DNR) today announced that its Board of Directors has approved a common stock repurchase program for up to $500 million of Denbury shares. The Company currently has approximately 402 million common shares outstanding and its total market capitalization is approximately $4.6 billion based on the closing price of the Company’s stock on September 30, 2011.

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