QUOTE AND NEWS
TheStreet.com  Dec 2  Comment 
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.  TheStreet Ratings quantitative algorithm...
TheStreet.com  Nov 21  Comment 
NEW YORK (TheStreet) -- Deteriorating crude oil prices could slow down Bonanza Creek Energy , which has been growing its oil and gas production twice as fast as the industry's average. But the company's low-cost asset base puts it in a good...
TheStreet.com  Nov 11  Comment 
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.  TheStreet Ratings quantitative algorithm...
SeekingAlpha  Sep 15  Comment 
By Richard Zeits: In the second quarter, Bonanza Creek (NYSE:BCEI) posted Adjusted EBITDAX of $97.4 million (excluding executive departure costs). The company's spending on exploration and development of oil and gas properties during the quarter...
SeekingAlpha  Aug 26  Comment 
By Stephen Simpson, CFA: Wattenberg operators have done pretty well this year, and results from the Niobrara and Codell formations continue to support solid IRRs on these wells. Since I wrote about Synergy Resources (NYSEMKT:SYRG) in late January,...
SeekingAlpha  Aug 21  Comment 
By Stephen Simpson, CFA: Small-cap oil and gas company Bonanza Creek Energy (NYSE:BCEI) has come back well from concerns over an insufficient drilling inventory and the departure of three founding executives. Since I last wrote about the company,...
Benzinga  Aug 11  Comment 
In a report published Monday, MLV & Co analyst Chad Mabry reiterated a Hold rating on Bonanza Creek Energy (NYSE: BCEI). In the report, MLV & Co noted, “BCEI reported Q2'14 adj. EPS of $0.52, missing the $0.68 Street consensus and our $0.73...
SeekingAlpha  Aug 9  Comment 
By Steve Zachritz: Bonanza Creek (NYSE:BCEI) Reports a 2Q14 Miss on Unexpectedly High Production Taxes; Operations Report Sings A Better Tune (click to enlarge) The 2Q14 Numbers: Volumes were on track with their expectations and...




 
TOP CONTRIBUTORS

Bonanza Creek Energy (NYSE:BCEI) is an oil and gas company which acquires, explores, and drills onshore gas wells in the United States. The company if focused in the Mid-Continent and Rocky Mountain regions of the US. [1]

Business Overview

For the nine months ended in September in 2011, Bonanza reported total revenues of $76M. This corresponded with a $13M net income for the same period. For the nine months in 2010, the total revenue was $35M and the net income was $11M.[2]

New Updates

The company's initial public offering of stock on the NYSE occurred on December 14, 2011. The company offered 10M shares each for $17. This was below the $20-$22 price range. The deal raised a total of $170M. The company had originally announced that it would sell 14.3M shares. The lead mangers of the deal were Morgan Stanley and Credit Suisse.[3]

Trends & Forces

Use of Hydraulic Fracturing

Like main onshore oil and gas drillers, Bonanza Creek Energy relies heavily on the use of injected water and chemicals under high pressures (hyrdofracking) to stimulate and improve the output of a well. This process has undergone scrutiny and if made illegal would severely impair Bonanza's abilities to extract oil and gas from its wells. [4]

  1. BCEI 2011 S-1/A PROSPECTUS SUMMARY "Overview" pp. 1-2
  2. BCEI 2011 S-1/A PROSPECTUS SUMMARY "SUMMARY HISTORICAL AND PRO FORMA CONSOLIDATED FINANCIAL DATA " pp. 8-9
  3. Renaissance Capital - IPO Home "Bonanza Creek Energy prices downsized IPO at $17, below the range" 15 Dec 2011
  4. BCEI 2011 S-1/A PROSPECTUS SUMMARY "Risk factors" pp. 16-19
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