Why We're Buying (More of) This Oil Stock
The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics across the investing world.
We've been talking about how attractive Denbury Resources looks for a while now. So, we're putting our money where our mouths are by picking up additional shares for our 10-Bagger Portfolio. Dave estimates that shares are currently trading at a discount to its current production, which means we'll be buying the future for free. That sets up the stock to deliver multibagger returns over the next decade.
Energy stocks, like Denbury Resources, offer something for all types of investors. Some companies rise and fall with oil prices, while others provide more steady returns over the long haul. The Motley Fool has identified a company that will prosper for years to come. Read more about an energy stock set to soar in our special free report: "The Only Energy Stock You'll Ever Need." Don't miss out on this limited-time offer and your opportunity to discover this under-the-radar company before the market does. Click here to access your report -- it's totally free.
At the time this article was published David Meier has no positions in the stocks mentioned above. John Reeves has no positions in the stocks mentioned above. The Motley Fool owns shares of Denbury Resources. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.