Miss BCEI's $29.50 Offering But Think It's A Deal At $25?

Looking back to 152 days ago, Bonanza Creek Energy, Inc. (NYSE: BCEI) priced a 11,500,000 share secondary stock offering at $29.50 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time and based on early trading on Wednesday, the stock is now 19.3% higher than the offering price.