Comment on Denver-based Bonanza Creek Energy faces stock exchange delisting

Denver-based Bonanza Creek Energy faces stock exchange delisting

Bonanza Creek Energy announced Monday that the New York Stock Exchange could delist its stock if the share price doesn’t get back above $1 and hold there. The Denver-based oil and gas producer notified the NYSE that its shares have averaged a price below $1 for the past 30 trading days. That triggers a six-month grace period for the average price to get back above $1. Back in the third quarter of 2014, right before oil prices started diving, investors placed a market value on the company of $2.35 billion.

 

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