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DEN - Denbury Resources: Transitioning To A Net Cash Position
Denbury Inc.
Denbury paid off its last remaining long-term debt in Q4 2021.
It may generate over $300 million in positive cash flow in 2022 at current strip.
It could generate over $500 million in positive cash flow at $70 WTI oil once Phase 1 of its CCA EOR project ramps up production.
As well, Denbury's Carbon Capture business may provide additional cash flow, although there is currently a wide range of possible outcomes for the size of that business.