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Bpz Energy, Inc. (BPZ) [hlAlert]

Rating:
Buy BPZ
down 99.19 %

Bpz Energy, Inc. (BPZ) rated Buy with price target $25 by Dahlman Rose

Posted on: Monday,  Mar 10, 2008  10:25 AM ET by Dahlman Rose

Dahlman Rose rated Buy Bpz Energy, Inc. (NYSE: BPZ) on 03/10/2008, when the stock price was $18.52. Since
then, Bpz Energy, Inc. has lost 99.19% as of 03/02/2015's recent price of $0.15.
If you would have followed this Dahlman Rose's recommendation on BPZ, you would have lost 99.19% of your investment in 2548 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.

Since the Firm’s inception, the Dahlman Rose Research team has been dedicated to providing our institutional client base with differentiated research calls and actionable investment ideas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/10/2008 10:25 AM Buy
None
18.52 25.00
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 %

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