Small-cap oil and gas company Bonanza Creek Energy (NYSE:BCEI)
has come back well from concerns over an insufficient drilling
inventory and the departure of three founding executives. Since I last wrote about the company,
the shares are up around 34% - more than tripling the return of the SIG
Oil Exploration and Production Index and outdoing most of its
Wattenberg peers except Whiting (NYSE:WLL).
Bonanza Creek isn't as cheap as when I last wrote about the company
(the shares looked about 30% undervalued in January), but good
downspacing results and Codell tests can still take these shares far
enough to be worth a look at today's level.
Continue here:
Even In Sight Of The 52-Week High, Bonanza Creek Can Go Further
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