Bonanza Creek remains a compelling opportunity, says Brean Capital Brean Capital believes Bonanza Creek (BCEI) remains a compelling investment opportunity following its recently upgraded acreage via a trade with Anadarko (APC) and the increased production potential from the Carlisle shale. Brean keeps a Buy rating with a $67 price target on Bonanza Creek.
Anadarko August calls active Anadarko August 72 and 73.5 calls are active on total call volume of 7K contracts (1K puts) on takeover speculation. August call option implied volatility is at 55, August weekly is at 44, September is at 40; compared to its 52-week range of 22 to 56. Active call volume suggests traders taking positions for large near term price movement.