ADVFN - Advanced Financial Network.
HOME» NYSE » E » ENP Stock Price » ENP Stock News

Encore Energy Ptn Share News

 Encore Energy Ptn Stock Price
ENP Stock Price
 Encore Energy Ptn Stock Chart
ENP Stock Chart
 Encore Energy Ptn Stock News
ENP Stock News
 Encore Energy Ptn Company Information
ENP Company Information
 Encore Energy Ptn Stock Trades
ENP Stock Trades

Vanguard To Buy Denbury's Stake In Encore Energy For $380 Million

DOW JONES NEWSWIRES Vanguard Natural Resources LLC (VNR) said it will buy all of fellow oil-and-gas explorer Denbury Resources Inc.'s (DNR) interest in Encore Energy Partners LP (ENP) for about $380 million. Vanguard may choose to pay up to $80 million of the total purchase price in equity. When the deal closes, Vanguard will own Encore's general partner and about 46% of Encore's common units. Vanguard said it plans to continue to operate the entities independently after the deal is done, and the companies will maintain separate boards. Denbury has been shedding assets it acquired with its purchase of slightly smaller rival Encore Acquisition Co. earlier this year in a deal valued at about $3.25 billion, seeking to reduce leverage and focus capital on core areas. In October, it sold off its Haynesville and East Texas natural-gas assets to an unidentified company for about $217.5 million. "We are excited about the prospects of acquiring Encore's general partner and becoming a significant unitholder of the limited partnership " said Vanguard President and Chief Executive Scott W. Smith. "This acquisition furthers our plan to increase exposure to oil-focused assets." Vanguard earlier this month said its third-quarter earnings more than doubled on fewer derivative losses. Meanwhile, Denbury said profit increased 8.3% as revenue climbed, while Encore's earnings slid 67% on derivatives impacts. Equity of all three was inactive premarket. -By Nathan Becker, Dow Jones Newswires; 212-416-2855; nathan.becker@dowjones.com

Stock News for Encore Energy Ptn (ENP)
DateTimeHeadline
06/06/201318:08:15Oman Oil to Enter Chile Gas Market in Partnership with Enagas
11/30/201218:02:36Chile Enap Reaches Agreement with BG Over Gas Supply Contract
11/12/201216:55:11Chile Enap, Endesa at Loggerheads with BG Over Gas Supply Contract
09/13/201215:36:35Correction on Story About Enagas Acquisition
09/13/201215:14:06Enagas Acquires 20% Stake in GNL Quintero From BG for $176 Million
06/01/201214:38:05Chile's ENAP Recovers Revoked Argentine Concession
04/17/201212:56:13Chile Finance Minister: Argentine Expropriation Won't Hurt Confidence...
04/17/201210:51:53Chile's Enap Argentine Operations Valued At $300 Million - Report
02/24/201208:36:11BG Group Considers Cutting Stake In Chilean Quintero LNG Plant
11/15/201108:00:15Chile GasAtacama Plans Offshore LNG Regasification Terminal...
11/10/201108:28:39Chile's Colbun Studying Developing LNG Gas Regasification Plant
11/07/201108:08:49Chile's Quintero LNG Plant To Increase Capacity 50% -Report
08/03/201113:04:10BG Group Ships 1 Million Barrels Of Crude From Brazil To Chile's...
05/09/201110:46:27Chile's ENAP To Abandon Geothermal Exploration, Development
01/28/201115:29:22Chile's Enap, Partners Team Up To Bid For Shell's Local Unit
11/24/201013:53:32Enel, Escondida, Colbun Bid For Chile Geothermal Concessions
11/23/201019:36:08Ecuador Signs New Oil Contracts; Some Companies To Leave
11/17/201009:31:37Vanguard To Buy Denbury's Stake In Encore Energy For $380 Million
08/19/201016:23:52Chile's GNL Quintero Hits Milestone, Matches Prior Gas Imports
05/19/201015:36:13Energy Minister: Enap Eyeing Terpel's Chilean Assets -Report

Encore Energy Ptn and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad