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Patience paid off.. Market likes the news!
What'd I miss?! Ahh. I just now caught up with this. Held a position at 1.01 for like a week!
Orlando Rodriquez is dreaming...lots of ground to cross between now and March 2017. Most of it is a mine field.
Don't get blown up.
* * $BCEI Video Chart 12-27-16 * *
Link to Video - click here to watch the technical chart video
Can we see Red to Green here? Going into the afternoon bullish! For the time being, this stock is being controlled by the bulls, after the very Bearish start to the AM trading. Hoping for a close well over .80, and if we test .90 this should gap tomorrow. Watching closely. Best to all here.
Nice volume today, great to see that 1.4m was bought up at .70. This one may run into the afternoon! I want a close at .75 or better, and we may have a bounce out of this one, back over .90 or 1.00. We shall see, best to all here.
Saudi have set USD55$ as price for the oil barrel in its new budget
http://english.aawsat.com/2016/12/article55364465/saudi-arabia-optimistic-oil-prices-2017
Ouch! That would certainly be dilution. The oil market has been horrible for over 2 years now. I'm just looking to position myself with something that can weather this mess until oil prices hit the 60's again. I still need to look at the reports for this one, but BK makes this one more of a curiosity.
you too late they filed chapter 11 bk shareholders got screwed 4.5 percent per newky issues shares.
Insider trading is not a sign of dilution. It's a sign of lack of capital. Either way, it's not a healthy sign. But, IF the CEO is using the procedes from the sale of personally held shares to boost the company's bottom line it would at least show commitment to continuing operations without crushing investors. I don't know how futile that necessarily is for this company, though. This is the first time I've looked at this symbol.
When you see that it tells a big story,. Sad to see ceo sell his shares.
BCEI reorganization Plan looks like Swift Energy
Page 2, point 7
http://www.snl.com/Cache/1500084241.PDF?O=PDF&T=&Y=&D=&FID=1500084241&iid=4011074
SWFT : common shareholders got 4% new shares and warrants
BCEI : common shareholders will get 4,5% new shares and warrants
SWFT shares go up from $ 22 to $ 34 (almost 60% since April 2016)
https://www.google.com/finance?q=OTCMKTS%3ASWTF&ei=6PdfWMG6K8yw2Aa9363wCA
Common Shareholders get new shares and warrants
http://www.nasdaq.com/press-release/bonanza-creek-energy-announces-agreement-on-comprehensive-deleveraging-and-recapitalization-20161223-00182
BETTER EARNING PER SHARE EPS
http://www.nasdaq.com/symbol/bcei/revenue-eps
EPS -0.96 (3/31/2016)
EPS -1.01 (6/30/2016)
EPS -0.7 (9/30/2016)
This happened
Crude oil prices on the recovery
They just plan but it does not mean they will file chapter 11 IF oil
goes to rebound.
The Court can reject the plan IF oil goes to rebound.
http://www.thestar.com.my/business/business-news/2016/12/24/crude-oil-prices-on-the-recovery/
http://www.investopedia.com/news/oil-rises-obama-oil-drilling-ban-uso-uco/
http://www.newsminer.com/opinion/editorials/obama-s-energy-provision-hurts-alaska-bans-on-oil-and/article_561dd598-c9b7-11e6-a0c2-1b704cbfd735.html
Cant they still reject the chap 11?
Just HOLD BCEI
We will buy more BCEI, we saw only panic sell today.
Oil going north.. What gives?
* * $BCEI Video Chart 12-23-16 * *
Link to Video - click here to watch the technical chart video
Position exit: .918
BCEI
Target: .955
Bonanza Creek, other U.S. energy firms announce Chapter 11 plans
insert-text-here
Yup, oops!
Not all that depressed about it though.
It's pretty much guaranteed that BCEI will make the Nasdaq happy in a few short days by its share price averaging WAY OVER the $1.00 listing requirement for 30 days. That will be a nice monkey off its back.
Nice going BCEI! $3's and $4's not too far away.
* * $BCEI Video Chart 12-21-16 * *
Link to Video - click here to watch the technical chart video
by friday we see over 3 bucks coubt on it.
* * $BCEI Video Chart 12/20/16 * *
Link to Video- watch analysis by clicking HERE
* * $BCEI Video Chart 12-19-16 * *
Link to Video - click here to watch the technical chart video
* * $BCEI Video Chart 12-13-16 * *
Link to Video - click here to watch the technical chart video
* * $BCEI Video Chart 12-12-16 * *
Link to Video - click here to watch the technical chart video
it looks like they dilluting to pay the interest payment.
st
* * $BCEI Video Chart 12-05-16 * *
Link to Video - click here to watch the technical chart video
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