One man's opinion: "I expect ongoing drilling activity in B, C, and Codell to unlock more 2P reserves in the coming years. I currently value the company's proved assets at around $22 per share. The risked assets total more than $45 per share, with close to half of that from B, $10 from C, and $5 from Codell. I am including a very small per-share value for A and North Park, but nothing for Greenhorn at this point. Net of liabilities, I come up with a net asset value of almost $57 for Bonanza Creek."
My Fair Value Estimate for BCEI is $60/share.
Full article: http://seekingalpha.com/article/1949211 ... urce=yahoo
Bonanza Creek (BCEI)
Bonanza Creek (BCEI)
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group