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Gold/Mining/Energy : Big Dog's Boom Boom Room
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From: snowdog2/20/2008 9:45:41 PM
   of 206269
 
courtesy delt in BZP iv bd.

Reduced to Hold at C.K. Cooper
"We are moving our rating on BPZ Resources, Inc., an early stage
E&P operating in Peru, from BUY to HOLD to reflect recent
share price appreciation as it has reached our target price of
$16.00. We currently think the stock is fairly valued at this
level, as the share price reflects much of the upside associated
with its Albacora field, but we recommend investors buy shares
on pull-backs below our target price.
• We anticipate the firm will soon release audited, SPE-based
reserve estimates for its main asset: the Corvina oil and gas
field. This could be a catalyst for the stock to move, and we will
review our valuation upon the report’s release."
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