UPDATE: Imperial Capital Re-Initiates Bonanza Creek Energy at In-Line Ahead of Catalysts, Earnings
Posted on January 29, 2013 at 12:00 PM EST
Imperial Capital re-initiated coverage on Bonanza Creek Energy (NYSE: BCEI ) with an In-Line rating and a $33 price target. Imperial Capital commented, "With the Niobrara “B” Bench in full development mode on 80-acre spacing, this year BCEI will continue to test the additional resource potential of the Niobrara