Kyle Bass, founder of Dallas, Texas-based hedge fund Hayman Capital Management, has built a reputation for predicting and benefiting from economic events, such as the subprime mortgage crisis and the European sovereign-debt crisis. Recently, he has been loading up on some of our Sweet 16 companies.
http://finance.yahoo.com/news/energy-ac ... 52825.html
I urge all of you to read our recent profile on Bonanza Creek (BCEI). The share price is way off the 52-week high and I cannot find a good reason for the sell-off. They have 20% production growth locked in (after 45% growth in 2014). My Fair Value Estimate is $41.50, compared to First Call's Price Target of $32.00.
See what the "Smart Money" is buying
See what the "Smart Money" is buying
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: See what the "Smart Money" is buying
I guess most investors think BCEI is going lower. The chart is broken and most people have been burned so they stay away.
Re: See what the "Smart Money" is buying
52-week range for BCEI is $16.36 to $62.44. It deserves to be trading near the mid-point of that range.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: See what the "Smart Money" is buying
Oil prices are up but they keep beating down the stocks. Maybe they don't believe that the oil price is sustainable.
Re: See what the "Smart Money" is buying
90% of the stocks on my board are green today.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: See what the "Smart Money" is buying
good reason for gpor today---they just issued new shares to buy another hunk of the utica.
BUT SM?
no good reason i can find.
BUT SM?
no good reason i can find.