Bonanza Creek (BCEI) Q4 Results - Feb 28

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dan_s
Posts: 34471
Joined: Fri Apr 23, 2010 8:22 am

Bonanza Creek (BCEI) Q4 Results - Feb 28

Post by dan_s »

This one is going back on my Watch List.

Stifel's Take:
Bonanza Creek Energy, Inc. (BCEI, $14.42, Buy; Target $54.00)
4Q19 Beats on Costs - Michael S. Scialla

We view the release as neutral to slightly positive as 4Q19 and 2020 guidance on production and capex were pre-released. The positives include: i) a cost-driven 4Q19 beat with capex 13% below consensus; ii) drill-bit F&D costs were below $10/Boe. The negatives include: i) the release did not include an operational update or 1Q20 guidance.
Dan Steffens
Energy Prospectus Group
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