7. Niche Opportunities: Seeing What Others Missed

A few years ago, I was at my mother-in-law’s fishing camp on Three Mile Lake in Southwest Louisiana, and as I was walking around with my fishing pole, I noticed a crew of guys building a pipeline. So, of course, I went over and asked what it was for—oil or gas?

They laughed and said neither—it was for CO2. The crew was building a pipeline to transport good old carbon dioxide into old, supposedly tapped-out oil fields not far away. This is kind of like shooting Coca-Cola under the field to recreate the pressure needed to get the remaining oil up to the surface. This is an operation called tertiary oil recovery.

That’s how I got to know Denbury Resources (DNR), a company out of Dallas that brings ...

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