Analysts pile on with downgrades of Denver oil company’s stock

Bonanza_Creek_Energy_LogoBen Miller – Contributing Writer – Denver Business Journal – March 2, 2016

One day after announcing that a $255 million asset sale had fallen through, eight analysts downgraded shares of this Denver oil company’s stock.

On Monday afternoon, Bonanza Creek Energy Inc. announced its fourth-quarter earnings and that i ts previously announced $255 million asset sale deal withMeritage Midstream Services of Denver did not close.

On Tuesday, the analysts pounced, with eight separate analysts downgrading shares of Bonanza Creek (NYSE: BCEI).

Continue reading article at The Denver Business Journal

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