Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Bonanza Creek Another Interesting Second-Chance Story

Investors are getting a little spoiled for choice when it comes to E&P companies with impressive production growth outlooks, attractive internal economics, and discounted valuations. The same sector-wide pullback that has hit names like PDC Energy (NASDAQ:PDCE) and Noble (NYSE:NBL) has also taken Bonanza Creek (NYSE:BCEI) with it. While the possibility of lower oil prices or regulations that impact fracking are a sector-wide risk, Bonanza looks pretty appealing at today's prices.

A Five-Way Play On The Niobrara?

Bonanza Creek controls close to 55,000 net acres in the DJ Basin, with a strong core of just over 30,000 acres in the Wattenberg field in Weld County. This is popular real estate, with PDC Energy, Noble,...

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