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BCEI
Posted: Sat Jan 11, 2014 1:02 pm
by dan_s
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
Re: BCEI
Posted: Sat Jan 11, 2014 1:28 pm
by dan_s
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.