Information Provided By:
Fly News Breaks for September 4, 2019
BCEI
Sep 4, 2019 | 07:04 EDT
As previously reported, KeyBanc analyst Leo Mariani started coverage of Bonanza Creek with an Overweight rating and a $26 price target. The analyst cited the "reasonable probability" that new Colorado regulations won't be too onerous, its discounted valuation, and solid balance sheet.
News For BCEI From the Last 2 Days
BCEI
Oct 20, 2020 | 16:22 EDT
Q3 estimated average sales volumes of 26.2 thousand barrels of oil equivalent per day, or MBoe/d, up 6% over Q2 volumes. Average Q3 oil sales volumes of 14 thousand barrels per day, sequentially flat with Q2. Eric Greager, president and CEO of Bonanza Creek, commented, "We are pleased with the performance of our assets and team during the third quarter and year to date. Our focus on delivering efficient, low cost production resulted in our highest production and lowest unit LOE in Company history. The resulting free cash flow generation has us on track to pay down the remaining $20 million of RBL debt in the coming weeks. We look forward to providing additional color on third quarter results, and our view of the fourth quarter with our earnings release in a few weeks."