Top 5 Sliver Stocks To Own For 2015: BPZ Resources Inc (BPZ)
BPZ Resources, Inc., together with its subsidiaries, focuses on the exploration, development, and production of oil and natural gas in Peru and Ecuador. It owns rights and license agreements for oil and gas exploration and production covering approximately 2.2 million acres in 4 blocks in northwest Peru and off the northwest coast of Peru in the Gulf of Guayaquil. The company also owns a 10% non-operating net profits interest in an oil and gas producing property located in the southwest region of Ecuador. As of December 31, 2011, it had estimated net proved oil reserves of 34.7 million barrels (MMBbls) of crude oil or other liquid hydrocarbons, including 27.8 MMBbls were in the Corvina field and 6.9 MMBbls were from the Albacora field located in northwest Peru. The company was founded in 2001 and is headquartered in Houston, Texas.
Advisors' Opinion:- [By Lee Jackson]
BPZResources Inc. (NYSE: BPZ) may be a small cap investor’s dream stock to buy. Its first well drilledin the Corvinafield since 2010 was spudded in late July and likely will take about 12 weeks. It will take another week or so to achieve a stabilized flow rate before results are reported to the market, which means it will not expect to hear anything until November. The Raymond James price target for the stock is $4.50, the same as the consensus target.
source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/top-5-sliver-stocks-to-own-for-2015-2.html
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