Bonanza Creek Energy (BCEI) IPO Trades Much Lower

December 15, 2011 12:45 PM EST
The IPO for Bonanza Creek Energy, Inc., (NYSE: BCEI) is open for trading. Shares are trading at $14.85 after pricing 10,000,000 shares at $17, below the expected $20-$22 range. The size of the offering was reduced from 14,285,715 shares.

The offering is being made through Morgan Stanley, Credit Suisse, Raymond James, RBC, BMO, Howard Weil, KeyBanc, Stifel Nicolaus Weisel, BNP Paribas and Societe Generale.

Bonanza Creek Energy, Inc. is an independent oil and natural gas company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States.


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