Bonanza Creek Announces 2014 Operations and Financial Guidance and Provides an Update on its Super-Section Activity
http://finance.yahoo.com/news/bonanza-c ... 01580.html
BCEI
Re: BCEI
Bonanza Creek Energy (BCEI): An updated Net Income & Cash Flow Forecast model has been posted under the Sweet 16 Tab.
In 2014 year-over-year production growth will be more than 50% and they have a large inventory of low risk drilling locations. As they move to pad drilling, well costs are coming down.
I have increased my Fair Value Estimate to $61.25, compares to First Call's Price Target of $55.24.
In 2014 year-over-year production growth will be more than 50% and they have a large inventory of low risk drilling locations. As they move to pad drilling, well costs are coming down.
I have increased my Fair Value Estimate to $61.25, compares to First Call's Price Target of $55.24.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group