QUOTE AND NEWS
Benzinga  Jan 4  Comment 
Bonanza Creek Energy Inc (NYSE: BCEI) is a nano-cap independent energy company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States. Shares soared higher by...
Reuters  Jan 4  Comment 
* Bonanza Creek Energy initiates prepackaged Chapter 11 proceedings pursuant to restructuring support agreement
Benzinga  Dec 23  Comment 
Midway through trading Friday, the Dow traded down 0.03 percent to 19,912.46 while the NASDAQ fell 0.02 percent to 5,446.40. The S&P also fell, dropping 0.01 percent to 2,260.81. Leading and Lagging Sectors Non-cyclical consumer goods &...
Benzinga  Sep 29  Comment 
  Deutsche Bank upgraded eBay Inc (NASDAQ: EBAY) from Hold to Buy. The price target for eBay has been raised from $30 to $40. eBay shares rose 3.39 percent to $32.93 in pre-market trading. Wells Fargo upgraded Nimble Storage Inc (NYSE:...
Benzinga  Jul 13  Comment 
  Bonanza Creek Energy Inc (NYSE: BCEI) shares dropped 40.8 percent to $1.35. Bonanza Creek Energy has retained Perella Weinberg Partners to advise the company and assist in analyzing and evaluating financial and transactional...




 
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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