This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Why Bonanza Creek Energy Is My Favorite Oil Stock

NEW YORK ( TheStreet) -- I really love the energy stocks right now. I honestly do not know why they are breaking loose all over the place as crude oil prices moderate. However, it seems to me that ever since Janet Yellen was nominated to succeed Ben Bernanke at the Federal Reserve, it wasn't gold blasting off, it was the oil stocks.

Oil, like gold, is a commodity. It is an inflation hedge and it has an inverse relationship with the dollar, which has been selling off ever since the Yellen announcement.

Courtesy of

I may not have any idea as to what is going on there -- why all of a sudden a bunch of oil stocks are breaking loose. But sometimes I think it is better that instead of sitting there and scratching your head trying to figure out why you should just go ahead and pull the trigger and buy some great oil stocks, which I have already been doing.

If you look at the model portfolios I publish each week in my newsletter, you will find a bunch of oil stocks. I wrote about the new sector on the leader board -- the Oil and Gas Exploration sector. I also featured the exact oil-related stock I am going to discuss next on my radio show when I first noticed it taking off ( watch here).

Data from Best Stocks Now App

Over the past week Bonanza Creek Energy (BCEI - Get Report) has been breaking out. The Denver company engages in oil and natural gas acquisition, exploration, development and production in the U.S. It is a small-cap stock that I own in my aggressive growth account here at Gunderson Capital Management.

The stock has been hitting all-time highs recently. Why is it a Best Stock Now because it currently possesses the characteristics that I demand in the stocks that I buy. In fact, I am so demanding that 3,400 of the 3,600 stocks I track do not make the cut -- only a couple of hundred do.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
BCEI $24.79 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs