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 (PDCE) and Noble (NBL) has also taken Bonanza Creek (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...
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