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Bpz Energy, Inc. (BPZ) [hlAlert]

down 98.50 %

Bpz Energy, Inc. (BPZ) rated Buy with price target $7 by Canaccord Adams

Posted on: Tuesday,  Mar 3, 2009  11:25 AM ET by Canaccord Adams

Canaccord Adams rated Buy Bpz Energy, Inc. (NYSE: BPZ) on 03/03/2009. Previously Canaccord Adams rated Buy Bpz Energy, Inc. (NYSE: BPZ) on
11/20/2007., when the stock price was $10.04. Since then, Bpz Energy, Inc. has lost 98.51% as of 03/02/2015's recent price of $0.15.
If you would have followed the previous Canaccord Adams's recommendation on BPZ, you would have lost 98.5% of your investment in 2659 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.

Canaccord Adams provides focused, actionable, idea-driven research, helping clients make informed investment decisions. Our 55 international analysts scour the globe for emerging and small to mid cap (US$1-2 billion market capitalization) growth opportunities, identifying value and exposing risk. Our research team analyzes over 550 companies in eight sectors, clarifying current events and anticipating market trends in high-quality daily, weekly and monthly research products. Our clients benefit from our thorough and sophisticated knowledge of the sectors we cover - Metals and Mining, Energy, Technology, Life Sciences, Real Estate, Consumer, Sustainability and Industrial Growth. We combine independent, actionable ideas, unique global perspective and unparalleled industry expertise. We believe it's evident in our research, and the foundation of our business.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/3/2009 11:25 AM Buy
2.93 7.00
as of 12/31/2009
1 Week down  -49.20 %
1 Month down  -33.79 %
3 Months down  -35.90 %
1 YTD down  -24.68 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/20/2008 11:25 AM Buy
19.96 33.00
11/20/2007 11:25 AM Buy
10.04 17.00

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