Denbury (DEN) Announces $250M Share Buyback
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Denbury Announces $250MM Share Repurchase Authorization
May 5, 2022 6:25 AM EDTPLANO, Texas--(BUSINESS WIRE)-- Denbury Inc. (NYSE: DEN) (Denbury or the Company) today announced that its Board of Directors has authorized a share repurchase program under which the Company may repurchase up to $250 million of its outstanding shares of common stock, which represent more than 7% of Denburys current market capitalization.
Denbury maintains a disciplined approach to capital allocation and is committed to deploying capital toward opportunities that drive the greatest value for our shareholders, commented Mark Allen, EVP and Chief Financial Officer. With our anticipated strong free cash flow generation and the significant value... More
