tag:blogger.com,1999:blog-1527840491496268397.post4559850191261644832..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: Bonanza Creek Energy Warnings in 10-Q $BCEIUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1527840491496268397.post-72507643673793144782016-11-10T10:02:56.647-07:002016-11-10T10:02:56.647-07:00The increase to G&A during the third quarter o...The increase to G&A during the third quarter of 2016 was a result of advisor fees incurred in connection with the Company's evaluation of certain financing alternatives of $5.9 million.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-78411355418889308252016-11-10T09:49:24.898-07:002016-11-10T09:49:24.898-07:00Given the deterioration in the Company's liqui...Given the deterioration in the Company's liquidity since the first quarter of 2016, there is now substantial doubt regarding the Company's ability to continue as a going concern. In response, the Company is addressing its current liquidity concerns with the assistance of advisors by pursuing the following potential strategies: (i) a debt for equity exchange or (ii) a private secured financing transaction. The Company is also seeking to obtain waivers or amendments from its lenders. Please refer to the Liquidity and Capital Resources section below for additional discussion. With the exception of one vertical well drilled during the third quarter, we ceased all drilling at the end of the first quarter of 2016 and reduced our future operating and corporate costs.Anonymousnoreply@blogger.com