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To: Esoteric1 who wrote (14295)6/27/2007 11:31:29 PM
From: Esoteric1  Respond to of 14347
 
Denbury "buy", target price raised

Monday, June 25, 2007 2:04:10 PM ET
A.G. Edwards & Sons

NEW YORK, June 25 (newratings.com) - Analyst Michael S Scialla of AG Edwards maintains his "buy" rating on Denbury Resources (DNR.NYS). The target price has been raised from $37 to $45.

In a research note published this morning, the analyst mentions that the mid-cycle oil price estimate has been raised from $50 per barrel to $55 per barrel. The upward revision in the target price also reflects Denbury Resources’ interest in Genesis Energy LP, the company’s fast growing MPL subsidiary, the analyst says.

newratings.com