The world of energy exploration and production (E&P) is a large one, with ample room for many different
business models. Taking a page from
Apache's (NYSE:
APA) successful book,
Denbury Resources (NYSE:
DNR) focuses on acquiring oil fields that other operates consider played out and then actively works them to squeeze out even more oil. While this is a challenging approach, it can work well when properly executed, and investors may want to add this name to their list of energy companies to follow.
Tertiary Recovery
To be clear, Denbury and Apache do not follow identical operating plans. Although Apache has and does take on mature fields, it is more broadly focused on efficient execution in environments that other operators find challenging and less economical.
Read the full piece here:
http://stocks.investopedia.com/stock-analysis/2012/Denbury-Resources-Turns-Leftovers-Into-Haute-Cuisine-DNR-APA-CLR-HES0405.aspx
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