BCEI's production for Q1 was below my forecast but still a good quarter. The company is still on-track for more than 60% production growth this year. Production should accelerate in the 2nd half as they added a 4th horizontal rig in the Niobrara and should be completing 8 wells per month starting in June.
An updated Net Income & Cash Flow Forecast model has been posted under the Sweet 16 Tab.
Bonanza Creek
Bonanza Creek
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group