Bonanza Creek: Downshifting For New Reality But Set To Pay Down All Debt

About: Bonanza Creek Energy, Inc. (BCEI)
by: Steve Zachritz
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Steve Zachritz
Growth, long-term horizon, commodities, oil & gas

Bonanza Creek has gone into maintenance mode.

And will generate significant free cash flow even at $30 oil.

Allowing the company to pay off all debt by year-end.

It is 90% hedged for oil at ~ $50 and valuation is now bargain basement.

This is a Z4 Research BCEI Cheat Sheet Update

Last Thursday, Bonanza Creek Energy, Inc. (NYSE:BCEI) announced its updated program for 2020 as it moved into maintenance mode.

Changes to the story are