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Fly News Breaks for April 26, 2018
BCEI
Apr 26, 2018 | 04:50 EDT
Imperial Capital analyst Irene Haas started Bonanza Creek Energy with an Outperform rating and $37 price target. The company emerged from Chapter 11 in April 2017 with a much improved cost structure, Haas tells investors in a research note. She believes Bonanza has a "prudent" business plan for 2018 and 2019 and if crude prices continue to strengthen, it could become cash neutral by late 2019.
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