Bonanza Creek Updated Forecast
Posted: Fri Mar 15, 2013 10:56 am
After listening to the BCEI conference call, I have updated my Net Income & Cash Flow Forecast model and posted it under the Sweet 16 Tab. Just log on, click on the Sweet 16 Tab, then click on the company's logo.
I have increased my Fair Value Estimate $14/share to $54/share.
The company's production was up 112% in 2012 to 9,303 boepd. 2012 exit rate close to 13,000 boepd. They are clearly on-track to exit 2013 near 20,000 boepd. This is the kind of growth I want to see from our Sweet 16 stocks!
I have increased my Fair Value Estimate $14/share to $54/share.
The company's production was up 112% in 2012 to 9,303 boepd. 2012 exit rate close to 13,000 boepd. They are clearly on-track to exit 2013 near 20,000 boepd. This is the kind of growth I want to see from our Sweet 16 stocks!