Quick Win DNR: Denbury Resources Inc. Up To 134% Return In 3 Days

Quick Win DNR

Denbury Resources is an independent oil and natural gas company headquartered in Plano, Texas, and operates mainly in The Gulf Coast and The Rocky Mountains. The company believes to have produced an estimated 437.7 million barrels of oil equivalents since December 31, 2014. The company emphasizes the use of carbon dioxide enhanced oil recovery in their operations. On March 2nd, DNR was the top pick for the 3-day energy forecast, with a signal strength of 80.21, and a predictability indicator of 0.18.

Quick Win DNR

Denbury Resources opened March 3rd at $1.69, and closed the day at $2.13, with a trading volume of 26,302,700 shares. The next day, March 4th, DNR closed at $3.26, with a volume of 55,128,900, increasing by over 90% from the previous days opening price.

Denbury

(Source: CNBC)

During the same 2-day period the price of oil, as indicated by April WTI futures had gone up by nearly 4%.

WTI

(Source: CNBC)