Denbury Says As A Result Of The Company's Pending Merger With ExxonMobil Its Prior Guidance Should No Longer Be Relied Upon; Not Providing Or Updating Quarterly Or Full-Year Guidance
Portfolio Pulse from Benzinga Newsdesk
Denbury has announced that due to its pending merger with ExxonMobil, its prior guidance should no longer be relied upon. The company is not providing or updating any quarterly or full-year guidance.
August 04, 2023 | 2:33 pm
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NEUTRAL IMPACT
ExxonMobil's pending merger with Denbury could lead to changes in the company's operations and financials.
The pending merger could lead to changes in ExxonMobil's operations and financials. However, the impact on the stock price is uncertain at this point.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Denbury's prior guidance is no longer reliable due to its pending merger with ExxonMobil. This could lead to uncertainty among investors.
The lack of guidance from Denbury could lead to uncertainty among investors, potentially negatively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100