QUOTE AND NEWS
Reuters  Jan 9  Comment 
SandRidge Energy's biggest shareholder Carl Icahn on Tuesday called for the resignation of two of the company's board members, after forcing the management to abandon the purchase of Bonanza Creek Energy Inc .
Motley Fool  Dec 29  Comment 
These stocks helped pull the market lower to end the trading year. Find out why.
MarketWatch  Dec 29  Comment 
Oil-and-gas company SandRidge Energy Inc. is terminating its agreement to buy Bonanza Creek Energy Inc., after getting pushback from some of its biggest stakeholders, including activist investor Carl Icahn.
Reuters  Dec 28  Comment 
Oil and gas producer SandRidge Energy on Thursday backed out from its plan to buy smaller rival Bonanza Creek Energy , giving in to pressure from activist investor Carl Icahn and other shareholders.
Channel News Asia  Dec 1  Comment 
REUTERS: Activist investor Carl Icahn has asked to inspect certain books and records of SandRidge Energy Inc, according to a regulatory filing on Friday, a day after he called the company's bid for Bonanza Creek Energy Inc...
Channel News Asia  Nov 24  Comment 
Shares of SandRidge Energy jumped 14.2 percent on Friday, after activist investor Carl Icahn disclosed a big stake in the oil and gas producer and said he would oppose its US$746 million bid for rival Bonanza Creek Energy.
Benzinga  Nov 22  Comment 
Gainers: SandRidge Energy, Inc. (NYSE: SD) shares indicated up about 8 percent following a report from Dow Jones that Carl Icahn purchased a 13-percent stake in the company. Icahn reportedly opposes the company's deal to purchase Bonanza Creek...




 
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
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki