Michael Filloon
Oil & gas, energy, hedge fund manager, commodities

Bakken Update: Bonanza Creek's Q2 Horizontal Wells May Be Killing Its Conventional Production

Wattenberg Field continues to be one of the hottest investments in 2013. Low well costs, continued downspacing and improved EURs should continue to drive small oil and gas names operating here. There are three names I like, two of which are Synergy (NYSEMKT:SYRG) and PDC Energy (NASDAQ:PDCE). Synergy had a good quarter and is beginning its production ramp. PDC Energy also did well, and should continue this as it downspaces acreage, and increases EURs. The third name I like, Bonanza Creek (NYSE:BCEI) didn't do as well, missing on the top and bottom lines. Even with this miss, I am still bullish Wattenberg Field and its northeast extension. This miss could provide an excellent...

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