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Bpz Energy, Inc. (BPZ) [hlAlert]

Rating:
Buy BPZ
down 95.81 %

Bpz Energy, Inc. (BPZ) rated Buy with price target $12 by MKM Partners

Posted on: Wednesday,  Sep 29, 2010  9:25 AM ET by MKM Partners

MKM Partners rated Buy Bpz Energy, Inc. (NYSE: BPZ) on 09/29/2010, when the stock price was $3.58. Since
then, Bpz Energy, Inc. has lost 95.81% as of 03/02/2015's recent price of $0.15.
If you would have followed this MKM Partners's recommendation on BPZ, you would have lost 95.81% of your investment in 1615 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.

MKM Partners LLC is an institutional equity trading and research firm. MKM Partners has extensive experience in the agency execution of U.S. and international equity orders. We provide clients with timely and unbiased economic, technical, and fundamental research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/29/2010 9:25 AM Buy
None
3.58 12.00
as of 12/31/2010
1 Week up  5.47 %
1 Month up  22.33 %
3 Months up  25.84 %
1 YTD up  34.63 %

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