Bankrupt Bonanza Creek reports bigger Q4 loss

DENVER BUSINESS JOURNAL - Bonanza Creek Energy Inc., which said it plans to emerge from bankruptcy protection in the first half of this year, reported a bigger fourth-quarter loss.

The Denver energy company (NYSE: BCEI) reported an adjusted loss for the quarter of $27.9 million, or a loss of 57 cents per diluted share, compared with an adjusted net loss of $8.4 million, or a loss of 17 cents per diluted share a year earlier.

Last year, the company suspended its drilling and completion operations, but said when it emerges from bankruptcy, it "expects to resume drilling and completion activity."

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(© 2017 American City Business Journals)


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