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...
SeekingAlpha  Aug 8  Comment 
Bonanza Creek Energy, Inc. (NYSE:BCEI) Q2 2014 Earnings Conference Call August 8, 2014 10:00 a.m. ET Executives James Masters - Investor Relations Manager Marvin Chronister - Chief Executive Officer Bill Cassidy - Chief Financial...
Benzinga  Aug 5  Comment 
Analysts at Raymond James upgraded United States Cellular (NYSE: USM) from Outperform to Strong Buy. The target price for United States Cellular has been raised from $44.00 to $47.00. United States Cellular's shares closed at $33.61...
Motley Fool  Jul 13  Comment 
Bonanza Creek Energy is a small domestic oil producer with huge scope for growth.
SeekingAlpha  May 28  Comment 
By Michael Filloon: Bonanza Creek (BCEI) may be the best way to play the Niobrara. It had value into earnings, after notifying its CEO was retiring. This wasn't good news, but it didn't justify the pullback. There are several reasons to like...
TheStreet.com  May 27  Comment 
NEW YORK (TheStreet) --Bonanza Creek Energy Inc. was upgraded to "buy" from "hold" at Topeka Capital on Tuesday. The firm said it upgraded the oil and natural gas company and raised its price target on the stock to $68 from $50 as the firm...
Benzinga  May 27  Comment 


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
  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