Bonanza Creek Energy Inc (BCEI)

[StockbBroke1]

I think you nailed it there. Imo a big factor is what happens with the price per barrel these next few weeks. As is with all the oil stocks, which the ones you mentioned are also great plays that I've been watching myself. The company is clearly undervalued and compared to many other companies in their position their debt isn't nearly as bad. They also have the RMI asset they're restructuring for sale after the last sale fell though (they at least make 6 million off the contract breaking) and are confident they will find another buyer. For these reasons and the short squeezing going on with all those who bet on a decline needing to buy back in before they lose too much money, I don't think $4-7 is a long shot at all.

As far as the double digits go, once you pass that $5 mark you get the big fish looking at you again so there's more potential. News of selling RMI asset will also boost it significantly, especially if it happened at the right time, could be a perfect storm of PPS increase. It also has long term potential, barring they follow through on the debt management. This company used to be a huge player and all these oil companies have opportunity imo because of the panicked sellers letting the PPS drop so low and undervaluing them.

BCEI is one of the better, safer picks imho but yes, definitely, the oil price per barrel is also a huge factor in determining when to get out. This is all my opinion from the DD I've done before I came to IHub. I just created an account a week or two ago and posted on this board because I'm a player with BCEI. I don't plan on getting a premium account, there just wasn't too much activity here and I think this company has a lot to be excited about right now so I wanted to contribute and help get the conversation going. We can all help each other, 2,3,4,5+ heads are better than one. Any and all DD, opinions and advice is appreciated by me and thanks to all for all you've shared so far.

Go $BCEI$