Denbury gains on carbon capture plans

Denbury

13/12/2022 16:12

** Shares of oil and gas firm Denbury Inc  DEN.N  up 2.8% at
$85.3
    ** Co announces new carbon dioxide (CO2) sequestration site
in SW Louisiana  urn:newsml:reuters.com:*:nBw794TCha
    ** DEN buys lease agreement for CO2 sequestration site in
Mississippi from timberlands owner Weyerhaeuser Co  WY.N 
 urn:newsml:reuters.com:*:nBw8VPgcxa
    ** DEN estimates Louisiana and Mississippi sites will have
total sequestration capacity of about 250 and 275 million metric
tons of CO2, respectively 
    ** Brokerage Siebert Williams Shank sees it as a positive
with a higher transportation and storage volume trajectory 
    ** Including session's gains, DEN rises 11.6% YTD
 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))