Streaming Delayed Price  /  Updated: 6:40 PM EDT, Apr 17, 2014  /  Add to My Watchlist      
(BPZ) Community Analysis from
April 18, 2014
(Benzinga, 10/6/10)
According to a recent report by Wunderlich Securities, after the recent negative results of at Albacora, BPZ Resources, Inc. (NYSE: BPZ) plans to step back to assess its assets. Wunderlich believes shooting seismic and other steps...(read more)
BPZ Resources (BPZ) Company Overview

BPZ Energy (AMEX: BPZ) is an American oil and gas production company based in Peru and Ecuador. BPZ sells its oil and gas to Perupetro, the Peruvian national oil company; however, though the company owns 2.4 million acres, it only produced 40,989 barrels of oil in 2007. The company was able to achieve a rate of 13,650 barrels per day, but this production was not consistent. Only 2 wells have been drilled and .03% of the land was developed. It has spent the past few years applying for necessary permits and building the infrastructure necessary; it has been allowed to drill as of 2007.[1] Peru and Ecuador are increasingly using natural gas to satisfy their growing needs for electricity, as the economies of the two developing nations bloom, creating new demand for BZP natural gas.[2] At the moment, though, both nations have a significant portion of their energy produced by hydro-electric dams.[2] In 2007, Peru produced 22.7 billion kilowatt-hours of electricity, 82% of which was from hydroelectricity, while Ecuador produced 11.3 kilowatt-hours, 63% from hyrdroelectricity.[3][4] The price of oil per barrel in 2000 was less than $20 a barrel while it averaged $72 a barrel in 2007.[5][6] Oil futures also reached a record high on July 3, 2008 when they hit $145.85.[7] The higher oil prices go, the more favorable BZP's margins will get.

(Read more at Wikinvest )

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here