Denbury Resources (DNR) reported Q1 2019 earnings that were largely in line with expectations. Production decreased slightly compared to Q4 2018, which was expected. Denbury looks on track to be well within guidance for production for the full year. Lease operating expenses increased slightly, but are expected to be slightly lower in the second half of 2019. Overall, Denbury appears capable of generating a decent amount of cash flow at current oil prices, but could use $65 or $70 WTI oil to reduce its leverage enough to make the prospect of refinancing its