Denbury Resources (DNR) is filing for bankruptcy and shareholders are expected to get warrants according to the Restructuring Support Agreement. The value of the warrants appears to be under a penny per current Denbury share. Thus, the main hope for common shareholders is that there is some sort of trading-related spike that allows them to sell the shares before they get converted into warrants.
Series B Warrants
Denbury's common shares are getting Series B warrants as their return, assuming that shareholders and subordinated noteholders both vote to accept the plan. If the