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...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details