DNR/Encore -- A Bakken Player -- Reports Earnings Tripled

Earnings release here.

Unless there are "devil in the details" issues, it looks like a very, very good report.

Fourth quarter 2010 net income was $10.4 million, or $0.03 per basic common share, as compared to $3.5 million, or $0.01 per basic common share in the fourth quarter of 2009.

As folks will remember, Denbury acquired Encore, a big player in the Bakken, in the last year or so.

Denbury may be the premier mover and shaker when it comes to enhanced oil recovery which has yet to be proved workable in the North Dakota Bakken.

I believe I read that EOR is being used in the Alberta Bakken with success. If I have time, I will look for the link.