Bonanza Creek Energy Inc (BCEI)

[MovedOn]

Yup, these smaller companies in the oil and gas market where a bunch of cowboys thinking $100 oil was the new normal. So they spent spent spent with no forethought of a potential supply glut developing and the laws of supply and demand then taking over.

I have to admit, I thought $100 oil was the new normal too. I've won and lost with this stock, just glad I wasn't in it this time.