This Beaten-Down Oil Stock Continues to Tip-Toe Away From the Brink

Denbury Resources (NYSE: DNR) has been struggling under the weight of its debt for the last few years. While the energy company has been steadily chipping away at its debt, that hasn't helped alleviate the pressure on its stock, which has tumbled another 38% this year. Because of that, the company continues to look for ways to improve its financial profile.

It made more progress during the third quarter by completing several moves that reduced debt. While those steps were a welcomed sight, it still has a long way to go.

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Source Fool.com