BTE - Denbury Resources Shareholders Run For The Exits
Denbury Resources' (DNR) common stock was supposed to be "leveraged to the price of oil". Therefore, the stock would make people rich as the stock climbed ever higher into uncharted territory. This was going to be a successful investment story to tell generations. That theory just hit the garbage can as reality struck. As is so often the case with financially leveraged companies, there is major pressure one way or the other to fix the balance sheet. Mr. Market just hates it when reality collides with a really great potential story.
Source: Seeking