Drill Capital
Energy, value, long only, event-driven

Bonanza Creek: The Best Way To Play The Niobrara; Valuation Implies 40% Upside

As specialists in researching and investing in the North American energy space, we have canvassed the industry and have taken a deep dive into the companies that we believe will benefit from the boom in shale oil and gas production. We believe Bonanza Creek (NYSE: "BCEI") the Denver-based oil and gas exploration company is well positioned for high margin double digit production growth and resource expansion driven by its Niobrara oil play in the Wattenberg Field in Northeast Colorado.

Bonanza Creek (NYSE:BCEI) is a $2.1 billion oil and gas exploration company with primary operations in Colorado and Arkansas. Bonanza's asset portfolio consists of approximately 35,500 net acres located in the Wattenberg field targeting the Niobrara oil and gas...

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