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Fly News Breaks for July 23, 2015
BCEI
Jul 23, 2015 | 09:18 EDT
KeyBanc says that Bonanza Creek has underperformed its peers by 33% since June. The firm reports that the company thinks the move is unfounded, and cannot identify a reason for the underperformance. The firm expects the company's Q2 production wto surpass expectations, potentially creating a short squeeze. Keybanc suggests that the company could become a takeover target, and it does not think that liquidity is a concern for the company.
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