BCEI went public on Dec 15th 2011 at $ 15.50 . had a day time low of $ 13.60 and closed with 6,274,700 shares traded at $ 13.61..( all info from Yahoo historical prices )
So when you consider all the things going on in the business world in 12 months, i think BCEI is doing very well for a 1 yr old company..
As far as buyout, i ask this question .. Why would current Management want to shop this company around just to sell it... You can say money, but if you look at the increased value of their personal shares, i would say the Exec's are doing OK.. Many people in Business are in busines because they like the challenge of doing things their way, and showing others that they know how to make a ceratin Thing ( could be a geological formation work ). . i believe if the world does not end on Friday dec 21st... ( just Kidding ) The BCEI management will make them selves more Share Value in a year then the current value of a Company buyout..
So any Bets on the share price of BCEI Next yr on Dec 15 th.. don
Trying to be conservative, I'll guess $39. That's roughly 50% gain, would still be just 17 times next year's estimate of $2.3 EPS. I'm with Don, I think they would need a very attractive offer to consider a buyout as they seem to be doing very well on their own.