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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: upanddown who wrote (88954)8/8/2007 6:12:22 PM
From: Ed Ajootian  Read Replies (1) of 206151
 
JohnTC, BPZ Energy (BZP) -- the following answers are to each of your questions in sequential order.

Yes its a stretch. Not many would have had the guts to try this.

This is the first I've heard about ample coal being nearby. Maybe you hit onto something. Maybe you should contact the IFC and give them the bad news that they just threw a cool $20 M down the drain. Facetiousness aside, I had similar questions as you about this initially but put these to rest when IFC cut the check for $20 M to invest in BPZ stock, and made the follow-on debt financing commitment. Note particularly that when the IFC made these decisions (December) no oil had been discovered at Corvina yet, just gas.

For more background about the customers and distribution part of their business plan see message #77131, which has excerpts from the Morgan Keegan report on BPZ.

No, the stock is way overvalued if you give no value to the gas.
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