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