We've written about Bonanza Creek (NYSE:BCEI) since before the Street was able to, in the quiet period, following the IPO in December 2011, and have owned it since the post-IPO dip. We've written on it numerous times since and thought that the catalyst-laden 2Q13 call was a time for another update. We've been impressed by management's ability to steer the name into the position of being one of the "go to" names in the Wattenberg Field even as the company transitioned from vertical to horizontal development. The next logical step they have undertaken with the same measured approach and reporting style is the delineation of the other stacked pays involved in the field. Bonanza has been a...
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