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Bpz Energy, Inc. (BPZ) [hlAlert]

down 99.02 %

Bpz Energy, Inc. (BPZ) rated Buy with price target $24 by Broadpoint Capital

Posted on: Tuesday,  Mar 4, 2008  8:25 AM ET by Broadpoint Capital

Broadpoint Capital rated Buy Bpz Energy, Inc. (NYSE: BPZ) on 03/04/2008. Previously Broadpoint Capital rated Buy Bpz Energy, Inc. (NYSE: BPZ) on
02/11/2008., when the stock price was $15.32. Since then, Bpz Energy, Inc. has lost 99.02% as of 03/02/2015's recent price of $0.15.
If you would have followed the previous Broadpoint Capital's recommendation on BPZ, you would have lost 99.02% of your investment in 2576 days.

BPZ Resources, Inc. (BPZ) is an independent oil and gas company focused on the exploration, development, and production of oil and natural gas in Peru and Ecuador. The Company has rights and license agreements for oil and gas exploration and production covering a total of approximately 2.4 million acres, in four blocks, in northwest Peru. Its license contracts cover 100% ownership of Block Z-1 (739,205 acres), Block XIX (472,860 acres), Block XXII (948,000 acres) and Block XXIII (248,000 acres). In addition, through its wholly owned subsidiary, SMC Ecuador Inc., the Company owns a 10% non-operated working interest in an oil and gas producing property, Block 2, located in the southwest region of Ecuador (the Santa Elena Property). During the year ended December 31, 2008, BPZ?s wholly owned subsidiary, BPZ Exploracion & Produccion S.R.L., entered into a long-term oil supply agreement with Petroperu.

Broadpoint Capital, Inc. is an investment banking and capital markets firm that provides corporate and public finance services and trading of corporate, government, and municipal securities for institutions. The company has three divisions: Municipal Capital Markets division, which underwrites and trades municipal securities in new issue and secondary markets; Taxable Fixed Income division, which is a dealer focusing on fixed income securities with limited liquidity; and Equity Capital Markets division, which is a sector-focused investment banking group providing research, trading, raising of capital and advisory services for institutional and corporate clients. Broadpoint Capital, formerly known as First Albany Corporation, was founded in 1953 and is based in New York, New York. The company operates as a subsidiary of First Albany Companies Inc.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/4/2008 8:25 AM Buy
18.40 24.00
as of 12/24/2008
1 Week down  -6.08 %
1 Month up  40.25 %
3 Months down  -4.08 %
1 YTD down  -15.62 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/11/2008 8:25 AM Buy
15.32 19.00

(*) Stock Price at the time of the recommendation.
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